Career moves

A 41-year industry veteran says his practice was seeking “a new strategic partner to help us take the next step in our firm’s growth.”

The private equity-backed IBD is "very appealing to advisors in that larger independent setting," its top recruiter says.

Wirehouses have been seeing a decline in their advisor headcounts.

Wirehouses are losing talent as advisors look to escape bank-owned firms.

The firm lost 94 existing advisors, but recruited 79 new ones in the first quarter. Here are six of its new additions.

“There aren’t many combination opportunities left, so about six or seven months ago we recommitted ourselves to recruiting and got more aggressive in recruiting,” says Michael Purpura, president of D.A. Davidson Wealth Management.

The latest moves bolster the firm’s presence in the Northeast.

The wirehouse recently reported advisor headcount shrank by 258 advisors year-over-year.

Dennis Zank will continue to be affiliated with Raymond James as a financial advisor.

The firm also opened a new office in Lancaster, Pennsylvania.