Wells Fargo Advisors

One of the two new hires is an industry veteran of 34 years.

After half a century, Christopher Sargent is making his first career change.

“We got to the point where we wanted a pure fiduciary relationship with clients,” Perry Mattern says.

It’s been death by a thousand cuts as a steady stream of top talent strikes out on their own.

The team joined AdvicePeriod, which has more than two dozen advisors and $2.2 billion in AUM.

The bank is targeting advisors with $100 million or more in assets.

An analyst expects “solid” recruiting figures for the fourth quarter after the No. 1 IBD added the five-advisor group plus an ex-Raymond James bank program.

The four-person team is the first 2019 hires for the boutique bank.

The firm has lost more than 1,100 advisors since a phony accounts scandal came to light in 2016.

The firm’s newest recruits come from Merrill Lynch and Wells Fargo.

This is the first career move by Angie Messer and Greg Rust, who worked at the regional BD for 10 and 27 years, respectively.

Talent appears to be pouring from the wirehouse as more planners exit.

Investigators say the onetime FiNet branch manager preyed on “particularly vulnerable” clients, including several with dementia.

The company has its incentives, but here’s what could be waiting for advisors.

The regional brokerage isn’t slowing down its recruiting efforts.

The advisors joined the firm’s employee and independent broker-dealer units.

The 50 largest teams and OSJs to change their affiliations show both the threat to incumbent firms posed by RIAs and the scale afforded by acquisitions.

The following 17 teams oversaw about $75 billion in assets. The firms ending the year with prize recruits include a diverse cast: regional BDs, wirehouses, boutiques and RIAs.

The wirehouse has experienced rapid growth in advisor productivity, executives say.

The firm will test markets in a few cities next year in a bid to keep pace with a shifting wealth management landscape.