Recruiting

XY Planning Network says about 250 students and 50 firms have responded to a new virtual internship program it launched to fill the gap.

A lull due to the coronavirus appears to be over, according to the No. 1 IBD’s top recruiter. The firm is still competing against a slew of rivals for ex-wirehouse reps.

The firm is hosting virtual meetings with prospective hire as it seeks to further its growth.

The firms have grabbed some three-fourths of the announced incoming advisors, as the pandemic cuts into valuations and casts uncertainty.

“Through these difficult times, we are able to work remotely and seamlessly” thanks to the firm's digital tools, ex-RBC advisor says.

The father-son team praised Ameriprise’s assistance in the face of the coronavirus pandemic after making the move.

The advisor joined before states and cities began ordering businesses to close and residents to shelter in place.

Rivals and rating agencies aren’t taking any breaks in the pandemic, and CEO Jamie Price says the new giant IBD network remains on track as well.

It's the largest IBD recruiting move announced so far this year, and it may not be surpassed any time soon due to the pandemic.

The amount of financial advisors changing firms doesn’t capture the breadth of the challenge broker-dealers face to retain them, recruiter Jodie Papike says in an episode of Financial Planning’s podcast.