Merrill Lynch

Top advisers are using these strategies to create well-balanced portfolios.

Seven recruits made the move to either the firm's employee or independent channels.

Several of the largest moves this year show top talent is looking beyond traditional choices.

The recruit is joining an existing practice, boosting the team's assets to $1 billion, according to the firm.

Profits rose 8% year-over-year at the bank's Global Wealth & Investment Management unit, which includes Merrill Lynch and U.S. Trust.

The largest recruits managed more than $17 billion in client assets.

The regional firm also says it recruited a junior Merrill adviser overseeing $39 million in client assets.

The team's managing director is a wirehouse veteran with close to 30 years of industry experience.

Meanwhile, the SEC hints that more actions could follow the $425 million in penalties levied against the brokerage firm.

Also, J.P. Morgan saw a team managing $300 million in client assets go independent.

The new hire will oversee manager research, the selection process and monitoring activities for the firm's Wealth Management Investments Group in New York.

The recruit was overseeing 100 advisers responsible for $15 billion in client assets before joining the breakaway firm.

Prior to her financial services career, the recruit was a U.S. Army reservist working as a Russian linguist.

The wirehouse's latest recruit generated about $1.9 million in production.

The new recruits joined the wirehouse from Merrill Lynch and UBS.

Wealth management leaders are weathering current markets while aiming to jumpstart AUM growth with expanded client services and new tech tools.

Yet that wasn't Merrill's only recruiting success, as the wirehouse also picked up a team overseeing more than $500 million in client assets.

The regional firm could lose a quarter of its customers who said they would leave, even if they loved their adviser, if their digital experience was subpar, according to a new poll.

Vice Chairmen Dan Cummings and Sam Chapin, who helped meld the wealth management firm to the bank after the financial crisis, are stepping down.

The recruits made the move between wirehouses with two client associates.