Industry

CEO Dan Arnold described the firm's multipronged strategy for further growth.

In two weeks since the Tiburon Conference, there have more than $2.7 billion withdrawals from Fisher Investments.

Strategies may include building out RIA channels and cash sweep programs in efforts to make up for revenue declines.

“I can’t remember seeing so many $5 million to $10 million [advisors] in the pipeline,” CEO Paul Reilly said.

CEO Jim Cracchiolo says the firm is focused on “holistic advice rather than a free trade” after wealth management client assets reached a new high.

Seema Hingorani will help oversee relationships with the firm’s largest clients and create a new training program to develop talent.

The policy shift affects the wirehouse’s separately managed accounts.

Her hospitalized client's accounts had more than $14 million in transactions over a nine day period, according to FINRA.

The firm is finding it harder to squeeze more profit out of its wealth management business.

The latest move is part of the regional broker-dealer’s western expansion, including teams in Colorado, Arizona and Oregon.