Ameriprise

The firm's top recruiter explained its approach to helping advisors keep up with a rapidly changing profession.

More than 400 advisors joined regional BDs last year, according to hiring announcements and BrokerCheck data.

CEO Jim Cracchiolo says the firm is focused on “holistic advice rather than a free trade” after wealth management client assets reached a new high.

The breakaways join 72 others who moved their practices to the firm in the second quarter.

The firm added an experienced advisor from Wells Fargo after recruiting 72 other tenured reps in the second quarter.

The new recruits join the firm’s employee channel from both wirehouses and the independent space.

One advisor has worked at Securian for his entire career.

The new recruits managed over $300 million in client assets.

The Advice & Wealth Management segment added 72 experienced advisors who affiliated in the second quarter.

Clients seeking to recoup some $14 million in damages have received only 12% of their total claims, according to an SEC-appointed receiver.

Six of the new recruits broke away from Merrill Lynch.

The BD’s employee channel is attracting more independent reps through offerings like technology and practice acquisition support.

Despite a great year, firms don't see fit to rest on their laurels. Instead, they're preparing and adjusting to falling traditional revenue and rising expenses.

This interactive tool provides the full collection of data from Financial Planning's 34th annual study of the largest firms in the space.

The majority of the top 25 firms boosted their business by double digits in 2018, and five of them reeled in more than 20% growth.

The advisors are the newest additions to the firm’s expanding brokerage ranks.

The firm is looking at a range of “different opportunities” for potential wealth management deals, CEO Jim Cracchiolo says.

The advisors join from Merrill Lynch, Raymond James, U.S. Bancorp and Investment Professionals.

Just over half of clients expect it will be harder for the next generation in their family to feel comfortable financially.

Dan Arnold received $7.1 million in 2018, far below the longer-tenured chiefs of rival firms Ameriprise and Raymond James.