Raymond James Financial

Merrill Lynch’s head count isn’t suffering, but some regional BDs have grown by thousands in the past five years.

The ongoing shift away from commissionable products is driving major changes in the space.

Two wirehouse veterans are the latest to join a fast growing independent firm.

The regional BD continues its recruiting spree, adding to the more than 400 advisors it’s already hired in the past year.

The dispute pits four advisors against big Wall Street names: Wells Fargo, Morgan Stanley, Raymond James and Merrill Lynch.

Raymond James, Janney, Ameriprise and Stifel are all racking up impressive hires from the wirehouses.

The largest firms’ combined VA and FA revenues hit a three-year low in 2017, but the products still make up a significant portion of their businesses.

Already an aggressive recruiter, the firm upped its advisor head count by 115 during the recent quarter.

The firm achieved a record 7,719 independent and employee advisors in the second quarter.

Firms are doubling down on efforts to boost the ranks of women advisors.