Economy

The regional firm's latest hires come just a week after it hired a Morgan Stanley branch manager.

The recruit will be a producing branch manager and oversee 10 advisers, according to his new employer.

The recruit made the move a week after the independent firm recruited three other wirehouse teams managing more than $600 million.

"It's always nice when one poker player folds and it's down to two or three players," one recruiter says.

Having gone through the lengthy and draining process, Exencial Wealth Advisors’ Michelle Scarver shares her No. 1 piece of advice for fellow planners.

The wirehouse will offer commission-based retirement accounts under limited circumstances.

The investment product raises eyebrows, but the firm’s founders have pledged to act as fiduciaries.

The new hires joined from UBS and Morgan Stanley, according to the firm.

Switching firms can be a herculean task, but independent firm Steward Partners furnishes ex-wirehouse advisors with teams of specialists to ease the process.

The $420 million team marks the latest wirehouse exit over a lack of flexibility around the rule.

The advisers generated over $2 million in annual revenue, On Wall Street learns exclusively.

The role of the firm's latest hire has yet to be determined.

The group generated over $7 million in annual revenue, On Wall Street learns exclusively.

The two advisers had been with the wirehouse for more than a decade.

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The duo launched a new independent practice with the firm's Investment Advisors Division.

The SEC could continue cracking down on brokers and advisers, but some see Clayton’s leadership taking a more business-friendly tack.

The two veteran advisers were legacy Morgan Keegan, a brokerage Raymond James acquired in 2013, On Wall Street learns exclusively.

The new recruit joins after the regional firm paid $150 million to settle a lawsuit brought by an SEC receiver.

The move does not apply to the giant asset management firm's ETFs, and clients are not required to liquidate existing positions.