Independent BDs

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

The four advisers are the latest to bolt from Wells Fargo's Profit Formula platform.

At least 17 ex-wirehouse brokers bolted for the firm’s employee channel in the first quarter.

The settlement is the third major regulatory payment the BD has incurred in the past year. A branch manager associated with the Jay Peak case has also left the firm.

The group includes a father-daughter duo who have worked together for 25 years.

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

Which firms showed “meaningful progress” in improving client experience? And which one slipped?

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

At least 27 brokers have joined the firm, including a father-son team from UBS with $261 million in AUM.

The ex-Morgan Stanley advisers say their niche practice, which is geared toward women and divorcees, will be better supported by Raymond James' platform.