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Firms devote too few resources to training and are too impatient with new advisors, says one industry recruiter.

That makes for two big recruits in two days. A day after announcing the addition of a $1 million team from Wells Fargo, the firm has landed a second million-dollar team.

The firm has enticed away an advisor team with $1 million in production from Wells Fargo for its Bartlett, Ill., office.

Pimco's Mohamed El-Erian clashed with co-founder Bill Gross before announcing last month that he's leaving the firm, the Wall Street Journal reported.

The only question on any FA’s mind should be “When is this coming, and should I make a change now before the big deals dry up?” Because it’s not a question of whether or not the big recruitment deals are going to lose steam, it’s just a matter of how quickly they will begin drying up.

Fidelity Investments, the mutual- fund firm best known for its star stock pickers since it was started almost seven decades ago, named former bond manager Charles Morrison to run its asset-management unit.

Also: A Merrill breakaway team joins HighTower, Burnham Gibson expands and a Wells Fargo breakaway signs with Dynasty. Here's a roundup of some of the most recent moves among independent financial advisors.

An advisor team with nearly half a billion dollars under management has left AXA frustrations with how the firm structures its compensation plan.

U.S. Bank hires senior executive away from PNC to help lead its Private Client Reserve unit in Florida.

Cambridge's Amy Webber says promotion is next step in complex internal succession plan.

Three of the new hires joined the firm's family office services group.

The firm has landed an advisor team with $225 million in assets under management from Morgan Stanley.

Eaton Vance Corp., the money manager known for its focus on tax-efficient investing, appointed Goldman Sachs Group Inc. executive Edward J. Perkin as chief equity investment officer.

The BAM Alliance, a community of more than 140 independent wealth management firms across the U.S., has added nationally-known financial author and blogger Tim Mauer as its director of personal finance.

Focus has assisted in a series of high-profile moves, Convergent pulled a director from Evercore and LPL and Commonwealth swapped firms. Here's a roundup of some of the most recent advisor moves in the independent channel.

Steward Partners Global Advisory has added Hy Saporta, a former Citigroup executive, as chief operating officer, managing director and founding partner to help the firm gear up for growth.

Retiree-focused Cherrington Brotsky left Morgan Stanley to join broker-dealer FSC, a member of Advisor Group.

American College of Financial Services taps a Wells Fargo Advisors executive as chairwoman of its board of trustees.

The path from administrative assistant to bank advisor is just part of Annette Martin’s story. Here, we offer more on her shift to fee business, including when not to do it.

Seeing people come up short with the money needed for a retirement home was sad for one administrative assistant. In her new career she helps such people and produces more than $1 million a year doing it.