Raymond James Financial

CEO Bob Oros says the firm is focusing on recruiting more experienced advisors, among other changes at the No. 19 IBD.

The No. 13 IBD’s hybrid RIA subsidiary also unveiled the results of its record recruiting push.

‘The firm gives advisors the ability to choose who they do business with and doesn’t put limitations on minimum account size,’ one advisor says.

At Merrill "it felt like we shifted away a little bit in recent years from the core focus of wealth management," advisor Matthew Spradlin explains.

The Raymond James affiliated firm has been aggressively recruiting from wirehouses in recent months.

A FINRA arbitration panel concluded that the No. 1 IBD made false and defamatory statements in its U5 filings.

Among recent career changes, Merrill Lynch lost brokers managing $2.2 billion to rival J.P. Morgan Securities.

The revamped toolset includes financial planning software and fraud and identity theft protection.

Industry insiders have anticipated increased litigation following UBS and Morgan Stanley's exits from the Broker Protocol.

The four-member group previously generated about $2.5 million in annual revenue.

Frequent recruitment adds to the firm’s bench after stemming an outflow of talent late last year.

On Wall Street honors elite young producers at the regional BDs.

Advisors have been ditching some of the larger firms for greater latitude.

The firm has appointed company veteran Doug Brigman to run the Tampa Bay complex.

Wells Fargo, Merrill Lynch, UBS and Morgan Stanley all lost talent in 2017.

The group, which oversaw approximately $300 million in client assets, joined the firm's independent broker-dealer.

The firm has been driving its expansion, pulling in talent from its competition.

Concerned about the wirehouse's "trajectory," Glen D. Smith sought out a business model his kids could join one day.

The pair was drawn to the firm’s “similarly aligned” culture.

Among FINRA’s findings, it said the broker-dealer “unreasonably excluded” some employees who were handling customer accounts from email scrutiny.