Stifel Financial

The SEC's allegations against David Paterson were tied to a proposal to build the largest movie studio in North America.

One of the recruits is an industry veteran with more than 30 years of experience.

The firm is buying City Financial, where brokers oversaw approximately $4 billion, according to the company.

Plus, Wells Fargo hires a $700M team from J.P. Morgan Private Bank and helps a $587M Morgan Stanley team go independent.

The regional firm's new recruits have experience in designing corporate equity compensation plans.

Competing in his first triathlon helped John Pierce discover the direction he needed to succeed in wealth management.

Plus, Benjamin F. Edwards and Ameriprise each add recruits with more than $600M in combined AUM, and Morgan loses a $500M group.

Profits and revenues are down for all but one of the brokerages.

The regional brokerage firm also said it recruited three advisers overseeing more than $150 million in client assets.

"I think the DoL rule has a disproportionate impact on the independent business, and that affected our decision-making," says Ron Kruszewski.

David Paterson, who was the Empire State's top executive from 2008 to 2010, has joined a group that includes former wide receiver Wayne Chrebet.

Several of the largest moves this year show top talent is looking beyond traditional choices.

Advisers join the regional broker-dealer from Wells Fargo and Charles Schwab.

The largest recruits managed more than $17 billion in client assets.

The regional firm also says it recruited a junior Merrill adviser overseeing $39 million in client assets.

The firm bought the unit, which has over 600 advisers, as part of a $150 million acquisition deal to boost its overall broker ranks.

William Heinzerling, who has led Stifel’s fixed-income business since 2009, is leaving the firm, according to people with knowledge of the matter.

Why advisers should step up their game as the industry goes robo.

Wealth management leaders are weathering current markets while aiming to jumpstart AUM growth with expanded client services and new tech tools.

Yet that wasn't Merrill's only recruiting success, as the wirehouse also picked up a team overseeing more than $500 million in client assets.