Recruiting

The two advisors affiliated with a new IBD after one of the largest PE-backed M&A deals of the year closed.

Each of the three advisors has more than 20 years of experience in the business.

President Adam Antoniades cites record expansion for the year, but the IBD network faces challenges related to recruiting and debt levels.

Bleakley Financial has recruited advisors with $750 million in client assets since January 2018 alongside LPL’s substantial recent grabs.

The bank has been courting wirehouse talent, but took a hit when a top team quit in June.

The new recruits come from Merrill Lynch and Stifel, with $165 million in total client assets.

The firm has made formal hiring offers totaling approximately $214 million as of June 30.

These and other firms are building brands that appeal to advisors. Here’s how.

The new recruits bolted from Morgan Stanley after nearly 20 years with the wirehouse and its predecessor firms.

Seeking out talent in unlikely places and helping it grow will yield impressive ROI.