Industry

The Swiss-owned wirehouse said it recruited three Morgan Stanley advisors who generated more than $3 million in annual revenue.

Noyes makes a new addition in an effort to grow the firm's network of financial advisors.

The regional brokerage lured away three recruits from rivals Wells Fargo and Raymond James.

The new recruits joined the firm's employee and independent channels.

The wirehouse recruited a Morgan Stanley team that generated $10 million in annual revenue.

The bank's newest executive comes from Allianz Life Insurance and will oversee more than 300 professionals that support fiduciary needs across Wells Fargo.

The Bronfman-Highline deal is the 74th RIA M&A transaction this year, and is unlikely to be the last for the firm going forward. "We love this business…and we have capital," says Matthew Bronfman, chairman.

Stifel CEO Ronald Kruszewski remains upbeat about his latest acquisition of Barclays' wealth management unit despite rising advisor attrition, telling analysts that "it will still be a wonderful deal from a shareholder perspective."

The regional broker-dealer's newest branch manager also worked as a complex director for Merrill Lynch.

The acquisition of Yodlee, considered PFM's pioneering firm, would cement Envestnet's capability to serve an emerging demand for data aggregation and leveraging data insights and behavioral science in wealth management.