Industry

They all spent over a decade at their former firm.

“I wanted to be able to walk in the door and only be able to answer to one constituency: my clients,” advisor Andy Ferguson says.

The firm will also pay a penalty and offer to buy back variable annuities the former broker sold to 21 other investors.

One of the largest professional designation and training schools launched a program to award free tuition to at least 25 students in the next year.

The hires hail from Morgan Stanley and Wells Fargo.

The new hires were previously at Merrill Lynch, UBS, and BB&T.

“Clients have gotten a good scare,” says Dave Welling, CEO of Mercer Advisors.

With higher compensation offers and a track record of independence, the No. 1 IBD is “challenging the status quo,” its head recruiter says.

The initiative is intended to help advisors manage increasingly large and complex teams.

The fintech’s new executive says cryptocurrency will help communities that the financial services industry isn’t serving.