Going independent

The new recruits, who previously worked at Wells Fargo Advisors and Janney Montgomery Scott, also pointed to the firm's affiliation with Raymond James in making the move.

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Top industry headhunters share their insights on what the evolving landscape has in store for brokers switching firms.

The broker, who had been with the bank for 21 years, went independent with backing from Dynasty Financial Partners.

The group opted to join HighTower, which has added nine teams so far this year.

"It's always nice when one poker player folds and it's down to two or three players," one recruiter says.

Switching firms can be a herculean task, but independent firm Steward Partners furnishes ex-wirehouse advisors with teams of specialists to ease the process.

The $420 million team marks the latest wirehouse exit over a lack of flexibility around the rule.

Raymond James, RBC and Ameriprise were among the industry players to lure away talent from Merrill Lynch.

The duo launched a new independent practice with the firm's Investment Advisors Division.

Michael Jeppson generated about $1.8 million in annual revenue, according to his new firm.

The Broker Protocol is just the first step. Those entering the fiduciary world still have to proceed with caution.

The private equity-backed firm has added seven ex-wirehouse advisers so far this year.

Choices are mushrooming in the independent space for top advisors seeking a career change, recruiters say.

UBS and Merrill lose four advisers in HighTower's seventh deal of the year.

The advisors left the wirehouse in a quarter that saw it lose 145 advisers.

Older wirehouse advisers opting to go independent should keep these factors in mind if they want a richer exit from the business.

HighTower and Dynasty added big platform clients as wirehouse brokers continued to flee.