Recruiting

Wells Fargo welcomed 22 active duty members to its corporate office as part of a corporate fellowship program.

The IBD’s head of practice management says more planners should explore becoming ensembles, and she also divulged the firm’s “secret sauce.”

The firm also opened a new branch office to house its recruits.

The firm hasn’t made any decisions about advisor retention bonuses, but some top shareholders will earn tens of millions of dollars once the deal closes.

The firm has picked up 19 advisors and opened six offices this year.

The new hires came at the expense of Merrill Lynch and Wells Fargo.

Washington Trust warned that it could lose $3 million in annual revenue after two top advisers left to join a brokerage firm. Other banks are facing similar hits.

Fresh off rebranding its wealth management business to Avantax, the firm aims to support its smaller but more productive force.

The regional BD has been picking off talent from its largest wirehouse rivals on its recent hiring streak.

Advisors keep fleeing the wirehouses but given a fair deal, established RIAs make a good landing pad, observers say.

The bank has filed similar lawsuits this year over alleged non-solicitation violations against advisors who departed for competitors.

The advisors opened Stifel's 17th new branch office this year.

New KMS Financial Services CEO Erinn Ford’s team has attracted 28 advisors in 2019.

The ensemble and enterprise pickups came after the No. 4 IBD added 70 advisors in the first nine months of the year.

Two of the new hires have more than 20 years of industry experience each.

The wealth management unit took in lower revenue from the year-ago period — but executives say its transformation is going according to plan.

Two dozen advisors left the wirehouse in recent months to join the regional BD.

I had a strong opinion. Then our reporting changed my mind.

At best, the variety increases awareness of what the career can offer. At worst, it lends ammunition to critics who insist the profession isn't a profession at all.

It’s the sixth team to join JPMorgan Chase’s boutique brokerage in 2019.