Merrill Lynch

The firm also opened a new branch office to house its recruits.

The firm has picked up 19 advisors and opened six offices this year.

The new hires came at the expense of Merrill Lynch and Wells Fargo.

The wirehouse is making changes ahead of an expected wave of baby boomer departures.

As the college savings vehicle grows in popularity, regulator up scrutiny of brokerages’ recommendations to clients.

Two of the new hires have more than 20 years of industry experience each.

Two dozen advisors left the wirehouse in recent months to join the regional BD.

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

The expansion is intended to free advisors to spend more time on client-facing tasks, executives say.

The latest move is part of the regional broker-dealer’s western expansion, including teams in Colorado, Arizona and Oregon.

New recruits hailed from firms including Wells Fargo, Merrill Lynch and Raymond James.

The firm's compensation plan, which is to remain unchanged for 2019, has turbocharged advisor productivity, an executive says.

A disgruntled client is poking at the firm’s low returns from its default sweep program, as well as its disclosure around the practice.

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

Over a nine-year period, he allegedly defrauded clients of more than $2.1 million.

The Bay Area advisors had worked at Merrill for nearly two decades.

The bank has picked up a few notable recruits this year, including a $6.6 billion team in April.

Each of the three advisors has more than 20 years of experience in the business.

The new recruits come from Merrill Lynch and Stifel, with $165 million in total client assets.