Content classifications

The insurer-owned IBD identifies leaders in target markets as it offers independence “with a hug,” according to its head of recruiting.

The new additions include an advisor with five decades of experience in the business, plus his two sons.

The newly independent advisor oversaw $92 million in client assets.

One team is among the top producers in their region, and the other spent more than two years assessing potential employers.

Nicole Pullen Ross also heads an initiative to handle wealth management for athletes and entertainers.

Practitioners say it’s too hard to use, too pricey and doesn’t meet the pandemic-economy moment. This, and other findings of our annual research.

More than 300 reps have switched BDs so far this year, with LPL and Cambridge Investment Research completing the two largest grabs.

The wirehouse, which has reduced recruiting efforts, enticed the team over from AllianceBernstein.

The advisors had logged seven years at their former wirehouse.

A former craft brewer and an ex-rugby star went indie with Gladstone Financial Resources Group.

The changes follow new leadership of the bank’s recently unified wealth management operations.

“We didn’t need to physically travel to see that RBC was the ideal place to move our practice,” ex-UBS advisor says.

Recruiting is likely to accelerate as the pandemic abates, writes Mark Elzweig.

The IBD network had been preparing for disruption, CEO Adam Antoniades says, and it has the financial flexibility it needs to boost financial advisors’ practices.

In just two days, technology and remote staff helped ex-Wells Fargo FAs managing $281 million open client accounts at their new employer.

“This virtual program will fill a major a hole left by internship cancellations,” says FPA President Martin Seay.

Advisors who switch firms during the pandemic have tough (virtual) conversations with clients in store.

The appointment comes as part of an equity investment by FTV Capital to expand the footprint of the company formerly owned by RCS Capital.

The firm recruited only slightly fewer advisors than the year-ago period in very difficult economic conditions.

Both men started their careers as financial advisors before moving into leadership.