Career moves

The record level of transactions — as well as long-term industry shifts — often prompt advisors and other wealth management professionals to assess their options.

The advisors left Wells Fargo, signaling Stifel’s recruiting push will extend into 2020.

Among the new recruits is an 11-person team.

More often than not, wirehouses were on the losing side of these moves.

The additions came amid a revamping of the firm’s independent advisor compensation.

The new hires signed on with the firm’s employee broker-dealer.

The wins came at the expense of Merrill Lynch, UBS, Raymond James and Wells Fargo.

It was Ray Jay’s tech and in-house marketing agency that initially appealed to the team.

It has been a banner year for regional BDs as more than 400 planners joined the fold, according to hiring data analyzed by On Wall Street.

It’s the second biggest move in 2019, and includes an advisor featured in On Wall Street’s Top 40 Under 40.