Recruiting

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.

Job listings for roles that don’t need to be filled immediately will be pulled.

Stipulated agreements by BDs and advisors looking to fast-track the arbitration process are becoming increasingly common.

Moody’s affirmed the company’s “B3” rating but signalled the potential wide-reaching impact of the pandemic across wealth management.

How does an advisor ask clients to transfer accounts at a time when many people are afraid to simply leave their house?

Wealth management firms should track the lives they impact beyond the size of their client books, KMS Financial Services CEO Erinn Ford says in an episode of Financial Planning’s Podcast.

The largest enterprise under LPL’s biggest OSJ is getting even bigger, after adding its sixth advisor of the past 12 months.

The firm has touted its capabilities, lighter bureaucracy and corporate environment to new hires — factors that have helped lure in top talent.

Four of new hires are former wirehouse advisors.

New hires follow two big additions last month that had AUM topping $2 billion.

Both recruits had a long history with wirehouses before trading them in for the regional broker-dealer.

It’s a short move for the advisors; only four blocks separate their old office from their new digs.

LPL’s continuing major poaches from rivals make up only one of the kinds of ways that firms are vying to attract and retain advisors.

The new recruits are not the first to trade in the wirehouse for the regional broker-dealer.

Communities of color still don’t see enough advisors “who look like them.”

The firm lost talent to rival B. Riley Wealth Management.

The regional BD has had a successful run picking off top teams from the wirehouse.

The regional BD’s hiring streak continues even as it loses a manager who played a notable role in its expansion.

The advisors had generated $20 million in production at Goldman Sachs, according to their new employer.