Morgan Stanley Wealth Management

"I lose years of my life. They can settle, write a check and move on," says an adviser whose book of business dropped by $40 million after he alleges he was wrongfully terminated.

Collectively, this year’s mega movers managed more than $23 billion in client assets.

The new recruits joined from Merrill Lynch and Morgan Stanley.

Further shifts in broker pay could be possible as the industry moves to comply with the fiduciary rule and the Department of Labor issues new guidance.

The advisers had about $1.5 million in annual revenues when they were at the wirehouse, according to the regional firm.

The number of hurdles will stay the same under the 2017 plan, a source familiar with the matter says.

Why it may be time to stop calling the firm a wirehouse.

The advisers joined the firm's independent and employee channels from rivals such as Morgan Stanley, Wells Fargo and Cetera.

The wirehouse's moves are intended to remain competitive in the recruiting contest for top brokers.

Robert Peyreigne was hired to fill the role after Michael Armstrong departed Jefferies for RBC earlier this year.

The regional firm ups its recruiting momentum with two wirehouse advisers.

The new recruits come from Stifel and IBD ValMark.

Key questions to ask when firms choose to rely on the best interest contract exemption. Some policies may drive advisers away.

With the fiduciary rule coming, advisers who have a great offer on the table better act fast, says one headhunter.

The decision is effective immediately and was made within hours of the Department of Labor issuing new regulatory guidance on the fiduciary rule's implications.

Morgan Stanley and RBC lose two recruits to the regional firm.

"We fully expect to offer a range of options to help our clients," CEO Paul Reilly said.

Unlike its rival, Morgan will keep commission-based retirement accounts under the new regulation's best interest contract exemption.

Wirehouse system and supervisory failures are just the start.

The new recruits come from Morgan Stanley and Wells Fargo Advisors.