Industry

Wells Fargo's independent arm landed seven recruits in its latest efforts to add more than the 102 advisers recruited from competitors last year.

The turn to an outsider marks the latest twist in a struggle to regain footing after a steep decline.

No financial solution can gain momentum without the collaboration of technology and human capital. But robos are only one small part of this equation.

In his underdog bid in North Carolina, Andy Millard says he's fighting big Wall Street money: "The financial consumer is not well represented in Congress."

The recuits joined the wirehouse from Deutsche Bank, which is selling its U.S. Private Client Services unit to Raymond James.

The regional BD also recruited a complex manager from J.P. Morgan.

Thomas Dicker will oversee the firm's 38 U.S. wealth offices and will be responsible for driving growth.

Johnson has overseen the $849 million Pimco EqS Long/Short Fund, which takes positions in stocks he selected, since its 2003 inception at his previous firm.

The former wirehouse group, which specializes in retirement plan consulting and planning, worked mostly with institutional clients before making the move.

See which independent broker-dealers have the most high-end reps, plus dive into the average production for the top 10.