Raymond James Financial

The independent firm has been an aggressive recruiter since its founding in 2013.

Ameriprise, for example, has hosted more six times as many advisors virtually than it did in person last year.

The majority of job cuts are in corporate departments, with little impact to advisors or client service roles, the firm says.

It’s the latest team to exit the wirehouse as profit suffers.

Some of the recently acquired advisors will open branch offices for the growing BD.

The advisor sold securities out of one account to buy a Camaro ZL1 — then resold the car to the same victim, the regulator alleges.

The latest roundup of news in the IBD and RIA channels comes in a time of economic turmoil and big transactions.

“We basically had clients demanding that we find a new home,” after Wells Fargo failed to secure PPP loans for them, an advisor says.

The new recruits cited their new employer’s technology platform as motivation for making the career change.

The new additions help offset some recent departures at the wirehouse.