Recruiting

About 60 advisors have joined the broker-dealer so far this year, with five advisors and two firms coming on this month.

Many of the new hires are A.G. Edwards veterans.

The inaugural event builds on mounting industry interest in improving its historically dismal record on growing the ranks of minorities and women in wealth management.

The No. 1 IBD added a practice with $520 million in client assets from rival Cambridge before walking back a new policy that has resulted in departures.

The relationship disintegrated because of a dispute about where to best place client trades.

“High-touch” support, technology and firm culture played a part in career changes for seven advisors.

A bonus introduced earlier this year has helped fuel client acquisition, executives say.

The practice transitioned in a week in which 15 advisors joined their new firm in three separate moves.

The No. 7 IBD expects such moves by advisors to increase in coming years, so it's ramping up offerings aimed at fee-only services.

It’s at least the fifth time this year that the bank is suing a former advisor for allegedly violating a non-solicitation agreement.