Industry

John Zimmerman, president of an asset-management firm, will lead a team of approximately 10 professionals.

The recruit was overseeing 100 advisers responsible for $15 billion in client assets before joining the breakaway firm.

Prior to her financial services career, the recruit was a U.S. Army reservist working as a Russian linguist.

Richard W. Davis also took $1.5 million in fees while he was entitled to just $150,000, the commission alleges.

The bank, which operates in 12 states, is bringing customers in the door even as it cuts its retail square footage by half. The lure? The offer of a financial "checkup" that tens of thousands of people have accepted.

The adviser claimed she was unjustly fired from First Citizens Bank for allegedly making unauthorized bonus payments to her two sales assistants totaling $9,000.

The adviser, who has more than 30 years of industry experience, left to join Noyes.

The wirehouse's latest recruit generated about $1.9 million in production.

An obscure integrated platform product from a Canadian firm has features that U.S. RIAs may find particularly attractive, writes our Tech Tools columnist.

The recruit had $1.8 million in annual production before making the move, the regional BD said.