Career advancement

Independent firms are going beyond traditional wirehouse compensation packages to promote collective partnership and reward incoming teams.

The standard-setting group is mulling increasing continuing education requirements and requiring that CFP aspirants have certain types of financial planning-related experiences, among other changes.

Homrich Berg also acquires a $6.4 billion RIA and Hightower takes a stake in an $800 million advisory practice.

A 20-plus-year veteran replaces Manish Dave, who left the post in October.

Raymond James and Merrill also announce recruiting deals, while LPL hires a head of cybersecurity from PayPal.

Oden, head of U.S. wealth, private banking, asset management and premier banking at HSBC, was one of the first in the industry to build an online wealth management platform.

Fifth Third Bank also draws a big team from Truist, and Morgan Stanley from Merrill.

The division director of the northeast for Raymond James Financial Services shares how the group works with some of the biggest names in the industry.

More planners are dropping their FINRA registration but keeping some ties to independent wealth management firms once thought to be in a different channel.

Morgan Stanley and Edward Jones meanwhile are giving their advisors new stomping ground in midtown Manhattan offices.