Raymond James Financial

The advisors are the latest in a string to jump from a wirehouse to a regional BD.

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As New Jersey’s regulators move forward, trade groups and executives warn of increasing compliance costs.

The new recruits signed on with the firm’s independent and employee broker-dealer units.

For one of the new hires, the move was about getting back to “a culture of a smaller, more personalized firm.”

The regional BD adds two teams with $373 million in assets.

The company hopes to recruit new advisors by taking a version of its home office tour on the road.

The advisors join from Merrill Lynch, Raymond James, U.S. Bancorp and Investment Professionals.

On Wall Street analyzes starting payouts at leading wealth management firms.

The recruits joined from Merrill Lynch, Wells Fargo Advisors, SunTrust and Snowden Lane Partners.

On Wall Street presents its annual analysis of base pay at wirehouse, regional and national broker-dealers.

Where can a broker earn the most?

The new hires include two former Raymond James advisors who had spent 21 years at the company.

Dan Arnold received $7.1 million in 2018, far below the longer-tenured chiefs of rival firms Ameriprise and Raymond James.

More than 650 advisors considering a career change visited the firm's headquarters during its last fiscal year.

Jon Dayton left Merrill Lynch where he had worked for 19 years.

The advisors were lifelong Morgan Stanley advisors, having started their careers at Smith Barney before Morgan acquired it.

The losing firms? Morgan Stanley and Wells Fargo.