Going independent

At least 270 advisors with $11.1 billion in client assets have left NPH firms since the acquisition.

The firm aims to maximize its value to advisors, but observers caution that it faces big challenges.

The wirehouses have lost teams overseeing more than $12 billion in client assets over the past month, according to recent hiring announcements.

New firm registrations have soared by 75% over the past five years, according to Schwab.

The firms dominate the space, but they face headwinds in a changing industry, Cerulli says.

The move marks the second wirehouse grab this year for Kestra PWS with more to come, its CEO says.

As technology forces rapid evolution, conditions will improve for entrepreneurial women.

Advisor Kevin Keith pointed to HighTower’s technological capabilities and a fiduciary culture in his decision to leave the wirehouse.

As RIAs and regulations reshape the industry, the concern is real, a new Cerulli report says.

Greg Fleming was tapped to become CEO of the newly formed Rockefeller Capital Management.

Independent and regional firms have been maintaining strong appeal with new recruits.

A segmented market is ready to embrace scale, says Raymond James president Bill Van Law.

Michael Parker joins the regional firm as it ramps up recruiting efforts, netting a number of large wirehouse teams.

"This is a window for these regional firms to really explode," says Rob Blevins, a recruiter in Dublin, Ohio.

The advisors joined existing practices within the bank's independent broker-dealer arm.

A different regulatory landscape is encouraging brokers to reconsider their options.

The platform provider has added 12 firms to its roster so far this year.

Regional brokerages and firms that assist breakaway advisors have been picking off top talent at the wirehouses.

One advisor says the fiduciary rule prompted the latest wirehouse exit to an RIA.

The independent firm was founded by two former Merrill Lynch advisors in 2012.