J.P. Morgan Securities

The outage hit the group’s Morcom electronic trading platform, which employees use to place orders on behalf of wealthy clients.

It’s a short move for the advisors; only four blocks separate their old office from their new digs.

The quintet is the latest to join the bank’s unit catering to wealthy clients.

The advisors join the bank following a major reorganization of its wealth management business.

The bank is an aggressive recruiter of HNW and UHNW talent.

The changes come a month after she was named CEO of the bank’s newly formed wealth management unit.

Supervisory failures at LPL Financial, J.P. Morgan Securities, Morgan Stanley, Merrill Lynch and Citigroup prevented assets from moving to beneficiaries on time.

The Chase Wealth Management and J.P. Morgan Securities operations will become one unit with $400 billion in assets.

Advisors keep fleeing the wirehouses but given a fair deal, established RIAs make a good landing pad, observers say.

It’s the sixth team to join JPMorgan Chase’s boutique brokerage in 2019.

The team, featuring three industry veterans, has opened a new Washington office.

The regulator’s move follows a Financial Planning investigation into whistleblowing by former JPMorgan financial advisor Johnny Burris.

The hire comes about a week after the boutique wealth manager lost a similarly-sized team to rival Morgan Stanley.

Even as the wirehouse has cut back on recruitment, the hire of two new industry veterans show it’s still looking for top teams.

The following 17 teams oversaw about $75 billion in assets. The firms ending the year with prize recruits include a diverse cast: regional BDs, wirehouses, boutiques and RIAs.

The firm “has experienced a successful streak of recruiting over the last two years, adding more than 100 experienced financial advisors during that period,” says President Jerry Lombard.

The former J.P. Morgan Securities team includes an industry veteran with 33 years experience.

Jason Holland is the latest broker to leave the troubled wirehouse.

Robert Burns and Janet Nevins are the latest former wirehouse advisors to join the high-end brokerage unit.

The new recruits joined from Bernstein where they serviced ultrawealthy families.