Recruiting

The departures include a team that managed $380 million.

CEO Dan Arnold described the firm's multipronged strategy for further growth.

“I can’t remember seeing so many $5 million to $10 million [advisors] in the pipeline,” CEO Paul Reilly said.

CEO Jim Cracchiolo says the firm is focused on “holistic advice rather than a free trade” after wealth management client assets reached a new high.

The latest move is part of the regional broker-dealer’s western expansion, including teams in Colorado, Arizona and Oregon.

The firm added its 16th office this year, part of its bid to attract talent from rival firms.

Industry trends and succession planning prompted the enterprise to leave Advisor Group’s FSC Securities, according to the partner-brothers of the Nettuno Group.

New recruits hailed from firms including Wells Fargo, Merrill Lynch and Raymond James.

The “get” marks one of the largest hires the year for the regional BD.

Joseph Mazzucco and at least two dozen other advisors affiliated with the No. 1 IBD in eight moves over a seven-week span.