Financial institutions

The new recruits opened a new office for Raymond James & Associates, the firm said.

The Canadian-owned brokerage firm promoted a branch manager with 16 years of industry experience.

Greg Hersch, who has been featured in On Wall Street's Top 40 Under 40, has left the wirehouse.

The firm's new hires come from J.P. Morgan.

The firm's latest hires come from Wells Fargo and Edward Jones.

The wirehouse recruited two Morgan Stanley advisors, one of whom was previously terminated by Merrill in 2001, according to FINRA records.

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.

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.

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

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.

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.

Recruits leave the wirehouse for the independent side at Wells Fargo.

Focus Financial Partners' Chris Dupuy, a former Merrill Lynch executive, talks recruiting, breakaways and why he tells some advisors that independence isn't for them.