Career moves

Mutual Securities has added five new affiliated practices this year to grow to 26 teams with more than $1.5 billion in AUM on its corporate RIA.

The cuts are said to range across several businesses in the group.

The founding partners spent a combined 54 years with the No. 6 IBD before launching the fee-only firm.

The former MetLife advisors had affiliated with three different IBDs over four years amid the increasing consolidation in the space.

The advisors decided to join the firm following a meeting with Raymond James' leadership in St. Petersburg.

Soon after shuffling C-suite, the independent broker-dealer brings on nine advisors while it continues hunt for a new CFO.

Merrill Lynch’s head count isn’t suffering, but some regional BDs have grown by thousands in the past five years.

Planners have been leaving bank-backed firms in droves in search of what they say is greater freedom and flexibility.

The firm’s most recent hires are 2 advisors overseeing more than $550 million in client assets.

The Advisor Group IBD acquired Capital One’s in-branch brokerage unit last month, but it hasn’t stepped away from traditional recruiting either.