Hilliard Lyons has overhauled its growth strategy — and after a year, it’s starting to see results.
The firm hired 20 new brokers and opened a couple new markets in the recent fiscal year, which ended Sept. 30, according to Alan Newman, the director of private wealth at Hilliard Lyons.
“It’s been a year of transition, a year of change,” says Newman, who joined the leadership team about 15 months ago. Historically, the firm only recruited about 10 or 15 brokers a year, he says.

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“I took a look and felt as though we needed, perhaps, some fresh energy,” Newman says.
Most recently, the firm opened a new office space in Asheville, North Carolina, in order to accommodate the branch as it expands, according to Newman.
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The regional firm keeps growing after joining the Broker Protocol in March.
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Gratz Park Private Wealth will offer internships and shadow programs to college women interested in business.
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The move comes more than three months after Morgan Stanley and UBS quit the agreement.
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Now, Newman is turning his eyes to next year's objectives.
“I would like to see 2019 be a year where we can digest what we’ve taken on and change and continue to grow and expand on the really wonderful momentum we were able to jumpstart,” he says.
As for the numbers, Newman says the firm has decided against setting numeric goals for the next fiscal year.
“We recruit the right fit — the revenue will follow,” he says.