Career moves

Richard Fuld's Matrix Private Capital Group has both asset and wealth management operations.

The win follows a first-quarter report showing it grew its ranks 3.4% over the prior year.

The regional BD has approximately 1,800 advisors.

The advisors are the latest in a string to jump from a wirehouse to a regional BD.

The pickup adds to the platform service provider’s hot streak.

Advisors from rivals Merrill and Wells Fargo will join the firm. “Our recruiting pipeline is robust," an executive says.

The five advisors with $180 million in AUM opted to bolt for the firm launched by a practice once affiliated with Triad Advisors.

Lisa Dolly will give way to COO Jim Crowley later this year, parent firm BNY Mellon says.

The RIA practice with $575 million in AUM joined four teams of similar size who have signed on in the past year.

Two factors are prompting an upsurge in career changes.