Economy

Two advisors passed on an opportunity to join Wells Fargo, which recently inked a recruiting deal with Credit Suisse.

Founders are the biggest offenders when it comes to ignoring these procedures.

The wirehouse said it recruited the advisors from Credit Suisse.

Chris Mahoney, a longtime veteran of the wirehouse, says he loved his time there. But bureaucratic changes forced his nearly $3 billion practice to find a new home.

The wirehouse pulled over four teams from Credit Suisse.

The breakaway launched a multi-generational firm that includes the planner's three daughters.

Reflecting RCS' ongoing woes, the company made the Roth announcement in the fourth paragraph of a press release announcing disappointing third quarter earnings results.

Advisors can assist their aging clients having a hard time keeping a family-run business in the family.

In one of the largest moves, the wirehouse picked up a team from Credit Suisse that generated $6.4 million in annual revenue and oversaw $610 million in client assets.

The firm said it landed the mega team from Merrill Lynch, marking it the largest recruiting move in Raymond James' history.

Four advisors made the switch from Wells Fargo's independent broker-dealer to Raymond James Financial Services.

The independent firm affiliated with Raymond James picks up two recruits who made the jump in separate moves from Oppenheimer.

The recruits have launched independent practices and joined existing teams with FiNet.

RBC's newest recruits oversee about $132 million in client assets.

Baby boomers will continue to be the nation's wealthiest generation for the next 15 years and remain the largest fee pool for banks and financial services firms, according to new report.

The new recruits join Baird from Wells Fargo Advisors and Stifel.

An advisor overseeing $355 million in client assets joined Morgan Stanley.

The wirehouse is taking a personalized approach, says Mary Mack, head of Wells Fargo Advisors: "We are learning more about them and they are learning more about us."

The Asia Pacific Group generated $3 million in annual revenue while at Morgan Stanley.

United Capital anticipates adding $1.5 billion in assets in buying Select Financial Group and PSA Insurance & Financial Services.