Merrill Lynch

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.