Recruiting

In a surprise announcement, Private Advisor Group tapped Moore as CEO nearly two years after he left Cetera for undisclosed medical reasons.

It’s another big get for a bank that has been busily luring away top talent from the wirehouses.

It’s one of the largest recruiting moves of the year in the independent broker-dealer sector.

The addition for Venture Visionary Partners grows its staff to 28 and total AUM to $3.7 billion.

The 40-advisor OSJ brings more than double the assets of any other new group unveiled across the IBD network in 2020.

The private equity-backed firm’s bottom line has been less affected by coronavirus-related low interest rates than its rivals, Moody’s says.

CEO Dan Arnold cites growth in traditional channels and in recently launched models that could bring even more opportunities.

Even with those challenges, rep productivity and client cash balances expanded in the third quarter.

The former wirehouse advisors specialize in financial strategies for high-net-worth clients, families and businesses.

The firm currently fields 40 teams, most of which have joined this year.