Recruiting

The new hires include a rare independent-to-employee career move.

The OSJ spans dozens of advisors, and it marks at least the ninth major exit following a change in policies at the No. 1 IBD.

The partners opened their RIA under consultation with a firm founded by former HighTower executives last year.

The move by the multi-generational practice stemmed from LPL’s self-clearing capabilities, one of the advisors says.

The two advisors have already transferred about $160 million in client assets, according to their former employer.

Robert Russo says the Independent Advisor Alliance has recruited nearly three dozen IFP reps, and other large enterprises have also made inroads.

Both the regional BD and RIA have benefited from an exodus of wirehouse talent.

Mutual Securities has added five new affiliated practices this year to grow to 26 teams with more than $1.5 billion in AUM on its corporate RIA.

The firm is finding success despite being outside the Broker Protocol.

The founding partners spent a combined 54 years with the No. 6 IBD before launching the fee-only firm.

The former MetLife advisors had affiliated with three different IBDs over four years amid the increasing consolidation in the space.

The advisors decided to join the firm following a meeting with Raymond James' leadership in St. Petersburg.

Soon after shuffling C-suite, the independent broker-dealer brings on nine advisors while it continues hunt for a new CFO.

Merrill Lynch’s head count isn’t suffering, but some regional BDs have grown by thousands in the past five years.

Planners have been leaving bank-backed firms in droves in search of what they say is greater freedom and flexibility.

The firm’s most recent hires are 2 advisors overseeing more than $550 million in client assets.

The firm is trying a new approach 10 months after quitting the Broker Protocol.

FINRA released internal data in the regulator’s first-ever such report, highlighting changes in the wealth management space.

Two wirehouse veterans are the latest to join a fast growing independent firm.

Advisors John Burg and Tamara Colon moved their California practice to the regional firm.