RBC

It’s the second big hiring announcement by the regional BD within the past week.

Russell Goldsmith plans to be “quite active” after handing over the top job to his successor in three months.

The group includes several industry veterans, one of whom has 50 years of industry experience.

Kelly Coffey will succeed Russell Goldsmith as CEO of City National, a Los Angeles-based unit of RBC.

The regional BD has added three new advisor teams to its ranks, as well as a head of equity and institutional middle markets.

Being an independent advisor isn’t for everyone.

The regional broker-dealer’s head count jumped up to 1,824 in the third quarter.

This is the first move of Joseph Chu’s financial career, but it’s not the wirehouse’s first big loss this year.

The firm’s most recent hires are 2 advisors overseeing more than $550 million in client assets.

The firm is looking beyond aggressive recruiting efforts that have netted 73 new advisors year-to-date.

The regional firm has opened five new branches and hired at least 73 advisors year-to-date.

Six of the top 10 advisor recruits — managing roughly $13.2 billion in client assets — have walked out of the wirehouse so far this year.

These mega brokers managed $18 billion in assets at their previous firms.

Jim Senderling and John Robbie had been with Merrill Lynch for 27 and 25 years, respectively.

The firm's two new hires are the latest in aggressive recruiting efforts and joined from rivals RBC and Wells Fargo.

While Raymond James and Stifel are on hiring sprees, Wells Fargo is still losing talent.

While a search is underway to replace Howard Plotkin, his duties are being handled by global Chief Compliance Officer David Lang.

Nearly three-in-four advisors (73%) do not have a succession plan in place.

The wirehouse has lost a steady stream of brokers over the past year and a half.

Wirehouses have been seeing a decline in their advisor headcounts.