Recruiting

The 4,300-advisor network is investing in insurance distribution after benefiting from rising interest rates and record client assets.

CEO Jamie Price and other executives met with some 1,000 prospective advisors after inking one of the largest M&A deals in the IBD space this year.

The regional BD’s newest hires oversaw $230 million in client assets.

Being a fiduciary isn’t enough anymore, says BlackRock’s Hollie Fagan. At the same time, firms are losing specialized talent to retirement. Here’s the best way for them to stay relevant and profitable.

The broker-dealer nabbed three planners from Wells Fargo, one from Morgan Stanley.

A focus on productivity has resulted in attrition of lower producing brokers, the firm says.

The 7,700-advisor IBD network hasn’t been as active in recruiting as its rival lately — but it’s holding on to a portion of the major enterprise.

The group opted to join the corporate RIA at the Ladenburg IBD with an eye toward greater independence with some outsourced tasks.

The firm is working hard to lure advisors away from its larger rivals, said CEO Ronald Kruszewski.

Be prepared for hard decisions and setbacks, say RIA executives.