Economy

First National Bank of Bemidji in Minnesota is looking to add advisors and clients.

Steve Dunlap is one of at least six top leaders who have lost jobs at Cetera or its troubled parent, RCS Capital, during last ten months.

A recruit with 16 years of industry experience moves between wirehouses.

A wealth manager, who once had a $5 billion book and was terminated for "inappropriate workplace behavior," found a new home.

Travails of parent company RCS Capital have been "distracting" but haven't impeded expansion, says Douglas King, Cetera Advisor Networks' president and CEO.

The independent Fidelity division can never be the same without its founder, but could still grow into a juggernaut, some planners say.

The move represents one of the largest recruiting grabs in recent years, recruiters say.

Three advisors left the wirehouse to found an independent firm with help from Dynasty Financial Partners.

The advisor, who had been with Merrill since 2003, oversaw $230 million in assets, according to UBS.

Edmond Walters's departure takes Fidelity by surprise, and throws plans for eMoney Advisor Summit next month into disarray.

Four advisors left Wells Fargo to join Ameriprise's employee channel.

Serving as an RCS Capital director proved too great a distraction from Larry Roth's role as Cetera CEO, a regional Cetera leader says.

The wirehouse's latest hires include two advisors who generated $5 million in annual revenue while at Citi Private Bank, a firm spokeswoman said.

Two veteran advisors left the wirehouse to form an independent firm with help from Dynasty Financial Partners.

Four veteran advisors joined UBS from Morgan Stanley where they generated $5.6 million in annual revenue, according to a UBS spokesman.

Historically private on recruiting specifics, LPL hopes to attract new advisors by publishing names of advisors who've just joined.

Originally a small group of female financial professionals, the firm's annual event for women advisors expects more than 260 participants.

Two former advisors allege they were punished and eventually fired for reporting misconduct including trainees and interns entering trades as well as misleading clients during cold calls.

The new recruits had an annual production of $2 million.

The Syracuse, N.Y.-based credit union chose CUSO from among five third-party broker-dealers for its technology, reporting capabilities and specialization in financial institutions.