Recruiting

Merrill Lynch has lost big teams this year. Does it matter?

Six of the top 10 advisor recruits — managing roughly $13.2 billion in client assets — have walked out of the wirehouse so far this year.

Career moves Jessica Mathews July 19

Career moves Jessica Mathews July 19
Top 10 advisor moves of the year; 6 came from just one wirehouse

These mega brokers managed $18 billion in assets at their previous firms.

Recruiting Jessica Mathews July 19

Recruiting Jessica Mathews July 19
Despite explosive asset growth, advisor workforce keeps shrinking

Here’s what the two seemingly contradictory trends mean for advisors.

Broker Protocol Ann Marsh July 17

Broker Protocol Ann Marsh July 17
LPL loses $142M team but adds $170M firm amid mixed recruiting results

Kestra grabbed a practice from the No. 1 IBD, but it gained another one while preparing for a top executive’s departure.

Recruiting Tobias Salinger July 16

Recruiting Tobias Salinger July 16
Wells Fargo pins shrinking FA ranks on retiring advisors

Total broker head count dropped by 173 from the prior quarter, according to the wirehouse.

Wirehouse advisors Andrew Welsch July 13

Wirehouse advisors Andrew Welsch July 13
How can RIAs keep the good times rolling?

2017 was a banner year for RIAs, but marketing, hiring and operations are seen as key to future growth, according to a Schwab study.

RIAs Charles Paikert July 13

RIAs Charles Paikert July 13
Fired Merrill Lynch advisor with $2.4B moves to Dynasty

Bruce Keebeck Lee has repeatedly been ranked as a top advisor by both Barron’s and The Financial Times, but he was fired in April for a failure to file compliance paperwork.

Going independent Sean Allocca July 13

Going independent Sean Allocca July 13
$1.3B hybrid RIA to exit LPL in bid for growth under TD Ameritrade, PCS

The practice has spent 22 years with the No. 1 IBD, but it will be at least the eighth practice of its type to leave amid changes to the firm’s policies.

Recruiting Tobias Salinger July 13

Recruiting Tobias Salinger July 13
Raymond James adds $300M advisors to indie, employee BDs

The firm's two new hires are the latest in aggressive recruiting efforts and joined from rivals RBC and Wells Fargo.

Recruiting Andrew Welsch July 11

Recruiting Andrew Welsch July 11
Is the head count falling at independent broker-dealers? Not yet

Experts cite a variety of reasons for the industry’s grim jobs forecast for advisors, but the data reveals much more complexity.

Independent BDs Tobias Salinger July 2

Independent BDs Tobias Salinger July 2

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