UBS

The wirehouse has served as a major banker for the island commonwealth, which has been defaulting on a growing share of its debt and has been placed under federal financial oversight.

Plus, Merrill Lynch grabs UBS planners who managed $750 million in client assets.

The new recruits joined the regional firm's employee channel.

The recruits left rival firms such as UBS and J.P. Morgan to join existing practices at the independent broker-dealer.

Two are coming back to Mother Merrill, having worked there in the 1990s.

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

The wirehouse is also reorganizing how it deploys a number of product and service consultants and technology specialists.

The advisers, one of whom is a former football coach, are among the first to join the wirehouse since UBS unveiled sweeping changes to its comp plan.

The veteran wirehouse recruit has 34 years of industry experience.

Also, Dynasty lured teams managing nearly $1 billion in client assets to independence.

Lending and cost cutting helped drive net income higher during the recent quarter, the wirehouse reported.

The independent firm affiliated with Raymond James lured a wirehouse recruit with close to 20 years of experience.

Two wirehouse veterans opened a new office for the regional firm's employee channel.

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

After predicting a strong recruiting year, Wells' independent advisory arm attracts planners from LPL Financial, UBS and U.S. Bank.

The wirehouse will be the first full-service wealth manager to offer the new ETF-mutual fund hybrid to clients.

The two ex-wirehouse advisers each had about 20 years of industry experience.

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

Adviser recruiting was not expected to be affected, according to people with knowledge of the matter.

Market volatility and industry changes have had a chilling effect on advisers' career plans.