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Ladenburg Thalmann's largest firm has added at least five teams in the wake of recent acquisitions by rivals.

Former retail brokerage head David Kowach is moving to the consumer bank.

One advisor has worked at Securian for his entire career.

At least two clients said they received calls from the advisor where he discussed his departure from the firm, according to the complaint.

The new recruits came at the expense of wirehouse rivals Merrill Lynch and Wells Fargo.

The new recruits managed over $300 million in client assets.

Reorganization includes the departure of one of the company’s highest paid executives.

Michelle Rudd opened a new office for Summit Trail Advisors, a $5 billion independent firm.

Integrated Partners added a father-son team, surpassing its recruited client assets from the previous year.

The executive's sudden announcement raises questions about whether the company’s retail brokerage platform will compete with advisors.

The exit wasn’t due to any “one thing,” Tim Hockey said.

Analysts and advisors expressed surprise at the announcement.

The wirehouse’s pipeline for incoming brokers is at a two-year high.

The hire comes about a week after the boutique wealth manager lost a similarly-sized team to rival Morgan Stanley.

The practice made the move as reps say they're more likely to breakaway now than at the end of 2018.

Aaron Schaben and Teri Shepherd are named co-presidents of the wealth firm.

David Ahlquist is the latest addition to the firm’s growing employee broker-dealer.

Independent Advisor Alliance also started a robo advisor under Betterment for Advisors after adding more than $2 billion in assets over the past 12 months.

Cathy Bessant is among executives who remain in talks with Wells Fargo, while JPMorgan Chase’s Gordon Smith won’t be taking the job, according to people with knowledge of the situation.

Even as the wirehouse has cut back on recruitment, the hire of two new industry veterans show it’s still looking for top teams.