Raymond James Financial

David DeVoe, founder and CEO of DeVoe and Company, says Mariner's acquisition of Allegiant is likely the beginning of its next phase of momentum with RIA transactions, following the investment of its new PE partner earlier this year.

In J.D. Power’s annual survey, independent and employee reps gave wealth managers a higher satisfaction index than last year.

Good Life Companies fosters competition among wealth managers for its own health and runs food stores and a gym.

Advisors John Gill and Bryan Horner were joined in the move by Mari Hurd, business practice coordinator, and Katie Bosler, senior registered client service associate.

It’s unclear whether the independent firm will retain any broker-dealer or RIA affiliation with Raymond James.

Concurrent is catering to breakaway teams assessing their options after back-office frustrations during the coronavirus, co-founder Mike Hlavek says.

As its advisor headcounts in the W-2 channel have stagnated, Raymond James Advisor Select added a major former UBS quartet.

The company upped its recruiting package last year, a change that has been “very well received by prospective advisors,” according to the CEO.

Financial Planning continues its four-part analysis of core compensation components at wirehouse, regional and national BDs.

The largest brokerages typically make comp changes that are ‘evolutionary, rather than revolutionary.’

The recruits come from Merrill Lynch, Wells Fargo and Morgan Stanley.

The IBD unveiled its second major recruiting addition in as many months to kick off the year.

The team’s client base primarily consists of business owners, corporate retirement plans, families and individuals and retirees.

The brokers collectively generated more than $88 million in annual revenue while overseeing nearly $15 billion in assets under management.

At an average age of 37, the top-producing brokers operate in 18 different states, plus the District of Columbia and Guam.

The increase comes as the recruiting market heats up.

A team that has grown through acquisitions dropped the No. 1 IBD after the institution purchased another one for more than $600 million.

These elite producers in some cases operate far from Wall Street, even as they work for well-known wealth managers such as UBS, Merrill Lynch and Ameriprise.

The St. Augustine, Florida-based advisors specialize in high-net-worth families, business owners, executives and foundations.

The IBD completed a stellar recruiting year by adding a team led by a 30-year veteran advisor.