Wells Fargo Advisors

The regional BD’s new hires in January have averaged more than $100 million in AUM.

The bank continues to struggle with attrition due to scandals, regulatory scrutiny and a graying workforce.

The advisors left Wells Fargo, signaling Stifel’s recruiting push will extend into 2020.

The additions came amid a revamping of the firm’s independent advisor compensation.

Competitors such as Merrill Edge have taken similar measures on commissions.

Core payout rates for advisors will not change, but the wirehouse is making changes intended to spur advisors to focus on larger clients.

It was Ray Jay’s tech and in-house marketing agency that initially appealed to the team.

Some advisors may see their pay rise in 2020.

Wells Fargo welcomed 22 active duty members to its corporate office as part of a corporate fellowship program.

The new hires came at the expense of Merrill Lynch and Wells Fargo.

The regional BD has been picking off talent from its largest wirehouse rivals on its recent hiring streak.

When an unusual recruiting deal between Credit Suisse and Wells Fargo went awry, years of broker frustration, severe attrition and litigation followed. Also at stake: Up to $245 million in back pay.

The departures include a team that managed $380 million.

The firm added its 16th office this year, part of its bid to attract talent from rival firms.

Scandals and frayed relations with much of Washington have dragged on the stock for more than three years.

New recruits hailed from firms including Wells Fargo, Merrill Lynch and Raymond James.

The bank has lost a net 1,300 advisors since a fake accounts scandal came to light three years ago.

Billy Ricketts is most likely the elder stateswoman of wealth management — but she and her grandson believed it was time for something new.

The wirehouse has experienced attrition while the regional BD has been on a hiring streak.

The firm’s new additions include three brokers previously affiliated with Wells Fargo Advisors.