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John Lipari and Richard Ribek say they chose Raymond James' "client-first culture."

Jonathan Pruzan is expected to replace Ruth Porat as CFO next month, five years after succeeding her at an investment banking unit that serves other banks.

Two wirehouse advisors generating almost $1.7 million jumped to Steward Partners, an independent firm affiliated with Raymond James Financial Services.

"I’m delighted to be returning to my California roots and joining Google," Porat said of her move back home to Silicon Valley.

Two complex directors moved up the ranks at the wirehouse.

The recruit generated $614,000 in production at his former job.

This week's notable news from the asset management industry includes a recent SEC roundtable meeting where some participants discussed the potential "unintended consequences" of universal proxy ballots, global ETP flows in February reached a record $50 billion, the fastest start to any year on record, and leadership at Vanguard were tasked with new roles within the firm.

LPL's "lagging earning results" led the company's compensation committee to cut Mark Casady's bonus by 40%. But Casady also got $6 million in stock options.

Wealth managers who managed over $800 million in combined client assets have joined the wirehouse, according to a spokeswoman.

The elite Bank of America brokerage unit created a new executive role to oversee philanthropic services.

A one-time wirehouse receptionist, at a time when there weren't many women in the business, now runs her own practice.

Former head of private banking at Macquarie to develop strategy in the Los Angeles area.

This week's highlights includes how competition is forcing ETF providers to cut fees on products; research on how corporate bond ETFs can help institutional investors manage investment flows; and Chinese demand for portfolio managers.

Thomas Buck and his daughter, an NFL cheerleader, left the firm for unknown reasons.

An avid surfer, this wirehouse recruit made the move to Integrated Wealth Management.

The wirehouse grabbed a group that produced $2.5 million at RBC.

The firm also said it had recruited a wirehouse team with $2 million in annual revenues.

After stepping down as LPL president, Moore takes an executive board role with Ron Carson, who heads an LPL branch office.

Two Morgan Stanley advisors managing about $150 million in assets moved to the regional broker-dealer.

A team that produced $3.1 million in annual revenue moved between wirehouses.