Content classifications

Brokerage firms have been filing more lawsuits against former employees over alleged violations of non-solicitation agreements.

The firm “has experienced a successful streak of recruiting over the last two years, adding more than 100 experienced financial advisors during that period,” says President Jerry Lombard.

The broker is part of a wave of new hires at the regional brokerage firm.

The back-office staff and asset-management division bore the brunt of a decline in the overall size in the class.

The regional BD’s newest hires oversaw $230 million in client assets.

The broker-dealer nabbed three planners from Wells Fargo, one from Morgan Stanley.

A focus on productivity has resulted in attrition of lower producing brokers, the firm says.

The 7,700-advisor IBD network hasn’t been as active in recruiting as its rival lately — but it’s holding on to a portion of the major enterprise.

The group opted to join the corporate RIA at the Ladenburg IBD with an eye toward greater independence with some outsourced tasks.

The firm is working hard to lure advisors away from its larger rivals, said CEO Ronald Kruszewski.

The executive must attend to a close family member who has recently learned of significant health challenges, a spokeswoman says.

It’s the second big hiring announcement by the regional BD within the past week.

The No. 1 IBD’s major spending on recruiting, technology and organic growth is yielding big returns.

Russell Goldsmith plans to be “quite active” after handing over the top job to his successor in three months.

The group includes several industry veterans, one of whom has 50 years of industry experience.

The No. 1 IBD poached two more teams from the largest firm in rival network Cetera Financial Group.

The team, which already has $3.5 billion in AUA, will service bond requests of any type from Arkadios Capital’s advisors.

The firm has streamlined its leadership structure and overhauled its marketing strategy.

Kelly Coffey will succeed Russell Goldsmith as CEO of City National, a Los Angeles-based unit of RBC.

Many of the new hires are A.G. Edwards veterans.