Career moves

Brown Wealth Management Group, a former Wells Fargo-affiliated independent advisory firm, will focus on high-net-worth clients at LPL.

CFO moves up amid growing focus on wealthy clients.

Two advisors left the British bank's U.S. wealth management unit before the close of its pending sale to Stifel.

NYSE has hired Vanguard veteran Doug Yones to oversee exchange-traded products.

Two of the new advisors at the wirehouse came from rivals Merrill Lynch and Morgan Stanley.

The recruits generated $1.7 million in annual production while at the wirehouse.

The self-regulatory organization plans an internal and external search to replace the industry veteran.

A recent recruit to wealth management comes to the industry after working in financial services management and serving as a lieutenant colonel in the Marines.

The languishing performance of LPL shares has drawn the attention of activist investor Richard McGuire, whose hedge fund, Marcato Capital, has taken a 6.3% stake in the IBD.

The advisor duo generated $2 million in annual production while at Wells Fargo.