Economy

The firm's advisers and competitors are wondering about its next steps, and who will cash in. The answers will go a long way toward shaping the future of the independent channel.

At least 16 advisers have shuttled between the wirehouse firms so far this year.

Tim Killgoar, the director of strategy and consulting, will succeed John Houston.

The ex-Morgan Stanley advisers say their niche practice, which is geared toward women and divorcees, will be better supported by Raymond James' platform.

The German bank said the new space will help its 7,000 bankers in New York connect with startups.

The group previously worked at Merrill Lynch, where they generated over $2 million in annual revenue.

The regional broker-dealer has added at least 19 advisers from wirehouse firms so far in 2017.

The new recruits are the latest to join the regional firm from Wells Fargo.

The firm also granted its new chief stock options worth $4.8 million following a debt refinancing.

Over 50 advisers have now joined the independent firm, which is affiliated with Raymond James.

Chris Harvey will oversee 420 advisers managing $110 billion in total client assets.

The regional firm has added at least 17 ex-wirehouse advisers in the first three months of the year.

The bank's retail brokerage operation employs 12 advisers and has approximately $780 million in advisory and brokerage assets.

Tim Sloan, who rose to CEO in October, received $12.83 million, up from the $11 million he got as COO for 2015, according to a regulatory filing.

The regional broker-dealer has added at least a dozen ex-wirehouse advisers so far this year.

The firm’s equity partner channel added five breakaway wirehouse teams last year and 64 since 2008.

The new hires join the regional BD from Baird.

The new recruit is focused on serving the Brazilian market, according to the firm.

The broker slashed her payment by pressing for funds she said the firm promised but never paid.

Morgan's latest hires oversaw about $575 million, On Wall Street learns exclusively.