Ralph Ortega

The recruit leaves a team led by a past On Wall Street Top 40 Under 40 adviser.

The recruit oversaw $110 million in client assets while working for the wirehouse, according to the regional firm.

The group of industry veterans had $1.7 million in annual production, according to the regional BD.

The advisers are the first to obtain startup capital from the firm.

Stephens recruited an executive with more than 30 years experience, whose career includes stops at Wells Fargo, Credit Suisse, Lehman Brothers, PaineWebber and Merrill Lynch.

The advisers had about $1.5 million in annual revenues when they were at the wirehouse, according to the regional firm.

Why it may be time to stop calling the firm a wirehouse.

The regional firm picks up a recruit whose career in financial services began 25 years ago.

Though against the firm's policy, the wirehouse still permitted the purchase of securities with credit lines "on thousands of occasions" during a four-year period, according to the regulator.

The advisers joined the firm's independent and employee channels from rivals such as Morgan Stanley, Wells Fargo and Cetera.

The new recruits come from Stifel and IBD ValMark.

The early decision stops advisers from earning commissions on products that will also generate fees through the firm's Investment Advisory Program.

Here's why the firm needs greater name recognition that attracts advisers, according to recruiters.

Wirehouse system and supervisory failures are just the start.

It's unknown how many of Scottrade's 1,000 brokers and 800 RIAs will ultimately be part of the new firm

Will RBC's Christopher Vollmer, the current No. 1 on the regional ranking, return to the newest list? Or will a new young professional take the top spot? Advisers now have more time to join this elite group.

Will Morgan Stanley's John Perry, the current No. 1, return to the newest ranking? Or will a new young professional take the top spot? Here's a chance for advisers to join this elite group.

Stephen Stabile makes an argument for this planning approach, and others in the industry agree.

One last look at this year's elite young advisers. Plus, details on when the new campaign begins.

The executive was previously named one of On Wall Street's top 100 branch managers.