Wells Fargo Advisors

The move comes at a bad time for the firm, which amid scandals and mounting regulatory scrutiny has lost more than 300 advisors in a year.

One recruiter says, "If I'm an advisor at Wells Fargo right now, I have to ask myself is this the firm I want to tie my future to?"

The beleaguered bank is reported to have been ordered by the Justice Department in late 2017 to conduct an independent investigation of the business.

‘The firm gives advisors the ability to choose who they do business with and doesn’t put limitations on minimum account size,’ one advisor says.

The advisor fleeced the duo of nearly $1 million by misappropriating their stock holdings and initiating unauthorized wire transfers from their bank account, prosecutors allege.

The Raymond James affiliated firm has been aggressively recruiting from wirehouses in recent months.

The brokers previously worked at Wells Fargo, which has suffered from attrition to smaller rivals over the past year.

The firm invested the widow's money in oil and gas securities, real estate investment trusts and other investments that did not square with her conservative risk profile, her lawyer argued.

Private Advisor Group reported impressive growth even as other practices of its kind have left the No. 1 IBD.

A disaffiliation fee of $4,500 applies to advisors leaving the IBD, but the policy could change.

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.