Ameriprise

The brokers collectively generated more than $88 million in annual revenue while overseeing nearly $15 billion in assets under management.

At an average age of 37, the top-producing brokers operate in 18 different states, plus the District of Columbia and Guam.

The nearly 10,000 advisors affiliated with the firm grow 2.5 times as fast as their peers at rival brokerages, CEO Jim Cracchiolo says.

Necessary new approaches include better cultural understanding, more flexibility for new entrants and more outreach, advisors and executives say.

Even with those challenges, rep productivity and client cash balances expanded in the third quarter.

The father-son practice with two other advisors switched their affiliations after its founder had spent 18 years with New York Life.

The advisor is asking a judge to reconsider the order, saying he wasn’t given a chance to defend himself against accusations of violating a non-solicitation agreement.

The St. Louis-based firm claims its rival “instructs incoming recruits to compile client information from their former firm” as a matter of course.

The independent broker-dealers big enough to serve the most financial advisors enjoy advantages but face distinct challenges.

The Minnesota-based Falldin-Mattson Group was previously at Morgan Stanley.