Wells Fargo Advisors

This is the second time in recent weeks that the firm has poached talent from the wirehouse.

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

The bank is removing hurdles to employee advisors switching channels among other recent initiatives.

The advisor was drawn to the regional BD’s small culture.

Coming off a strong recruiting year, Steward Partners has enticed three more Wells Fargo brokers.

The move marks the firm's second hire in the past week.

The advisor transferred funds from his sibling's Wells Fargo accounts and deposited them into a jointly owned account that he used to pay off credit card debts and fund home improvements, FINRA claimed.

Complaints lodged against the firm through Dec. 15 dropped 18% from the same period of 2016, federal figures show.

The duo recommended an investment strategy that was overly concentrated in four speculative equity securities to more than 50 customers, FINRA alleged.

The beleaguered wirehouse has suffered from advisor attrition this year.

The firm also opened a new branch office in Flint, Michigan.

Brokers who shed small accounts and focus on larger clients could earn a higher payout.

Both advisors are attracted by Ameriprise’s technology and investment options.

Regional firms have been on a recruiting spree this year.

The wirehouse's advisor headcount, at 14,564 at the end of the third quarter, was down 3% year-over-year.

Morgan Stanley alone lost 11 teams managing about $7 billion after its abrupt exit from the protocol pact, according to recent hiring announcements.

The wirehouse advisors joined the firm's independent broker-dealer.

The group is the second team to join the Tucson branch in two weeks.

The moves comes amid uncertainty about the future of the Broker Protocol.

The rep neglected to tell Wells Fargo that a 97-year-old client had named him as beneficiary and co-executor of her estate.