Industry

The $230 million team — comprised of two former NHL players — moved over from the firm’s employee brokerage unit.

CEO Sergio Ermotti has resisted pressure from some investors for large-scale layoffs, opting instead for smaller cuts with less impact on morale.

The regional BD has approximately 1,800 advisors.

The advisors are the latest in a string to jump from a wirehouse to a regional BD.

The IBD network has an inside edge for ensuring advisors are ready if equities suffer a sustained fall, according to its president, Adam Antoniades.

Across Wall Street, questions are flying about how the wirehouse has handled the biggest U.S. IPO of the past five years.

In one case, a 6-year-old owed $7,000 in federal taxes two years after his father, a U.S. Navy senior chief petty officer, died of a heart attack.

The California firm, backed by Wealth partners, moves into the Pacific Northwest.

The RIA is the largest firm to depart the protocol in more than a year and a half.

The pickup adds to the platform service provider’s hot streak.