Career moves

Ladenburg Thalmann's largest firm has added at least five teams in the wake of recent acquisitions by rivals.

Former retail brokerage head David Kowach is moving to the consumer bank.

One advisor has worked at Securian for his entire career.

At least two clients said they received calls from the advisor where he discussed his departure from the firm, according to the complaint.

The new recruits came at the expense of wirehouse rivals Merrill Lynch and Wells Fargo.

The new recruits managed over $300 million in client assets.

Reorganization includes the departure of one of the company’s highest paid executives.

Michelle Rudd opened a new office for Summit Trail Advisors, a $5 billion independent firm.

Integrated Partners added a father-son team, surpassing its recruited client assets from the previous year.

The executive's sudden announcement raises questions about whether the company’s retail brokerage platform will compete with advisors.