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A recent recruit to wealth management comes to the industry after working in financial services management and serving as a lieutenant colonel in the Marines.

The languishing performance of LPL shares has drawn the attention of activist investor Richard McGuire, whose hedge fund, Marcato Capital, has taken a 6.3% stake in the IBD.

The advisor duo generated $2 million in annual production while at Wells Fargo.

"If I said I had worked for AT&T for 33 years, anybody would ask me, 'Well, when are you going to retire?' But our industry is unique. It's not like a utility company, where after 30 or 35 years, you're done," says Larry Palmer, an advisor at Morgan Stanley.

J.P. Morgan recruited a veteran advisor from Credit Suisse, which recently struck an exclusive recruiting deal allowing Wells Fargo to pick up the Swiss firm's U.S. advisors.

Tash Elwyn, the president of Raymond James & Associates, says the path to success lies in recognizing that "every advisor is unique, every client is unique and the delivery of advice should be unique."

The wirehouse said it recruited four advisors from rivals Merrill Lynch and Wells Fargo.

Industry executives and innovative firms will be recognized for their contributions to the asset management industry at the 13th annual NICSA/NOVA Awards on Oct. 29 in Boston.

The new recruits have gone over to the independent side of Wells Fargo, opening practices s in two states.

The wirehouse pulled over four advisors from rivals Merrill Lynch and Morgan Stanley.

The team generated $2.9 million in production before switching wirehouses.

Leadership positions at the firm have been filled to balance its recent wave of RIA recruitments.

Four advisors left the wirehouse to join regional broker-dealer Benjamin F. Edwards.

SunTrust's chief risk officer will lead the Consumer Banking and Private Wealth Management business.

An advisor who had been at Merrill Lynch for 20 years left the wirehouse to join UBS.

An advisor who moved to a wirehouse from a boutique offers guidance on finding a firm that will offer greater job satisfaction and also benefit clients.

Barclays lost a team to RBC, the latest defection since the British-owned firm agreed to sell its brokerage unit to Stifel. This is the first to go to a regional brokerage instead of a wirehouse or high-profile boutique.

The new recruits will work in the firm's philanthropic solutions office.

The rep was ejected for failing to cooperate with a FINRA investigation into allegations that she stole money from a retail bank customer.

John Brynjolfsson, after creating an $80 billion asset management business at Pimco and a $1 billion hedge fund on his own, will downsize to a $16 million mutual fund during the next stage of his career.