Recruiting

‘The firm gives advisors the ability to choose who they do business with and doesn’t put limitations on minimum account size,’ one advisor says.

The wirehouse is charting a litigious course since breaking with the Broker Protocol, and some observers think the scorched-earth campaign could harm its reputation.

One recruiter argues the firm is losing talent because it will eventually exit the Broker Protocol.

At Merrill "it felt like we shifted away a little bit in recent years from the core focus of wealth management," advisor Matthew Spradlin explains.

Strengthened legal language recently added to bonus agreements will be removed, according to people familiar with the matter.

The RIA boosts its platform, loses top execs and faces wary advisors.

An advisor who is a former ballplayer set ambitious goals for 2021 with an alternate take on the hybrid strategy.

The Raymond James affiliated firm has been aggressively recruiting from wirehouses in recent months.

Among recent career changes, Merrill Lynch lost brokers managing $2.2 billion to rival J.P. Morgan Securities.

The brokers previously worked at Wells Fargo, which has suffered from attrition to smaller rivals over the past year.

“We’re going from a Civic to a Cadillac,” advisor says of the move.

The high-net-worth and ultrahigh-net-worth segments are growing globally “faster than we can grow advisors to cover them.”

CEO Josh Pace credits the smaller custodian’s agreement to be sold to E-Trade for the move.

The move is the latest in trend of advisors leaving wirehouses for smaller firms.

The firm is tapping a pool estimated by LPL to be as large as 1,200 brokers with $35 billion in client assets.

Robert Moore divided the firm's six IBDs into two channels, promoted a new COO and hired from a rival.

Don’t worry about technology replacing advisors. On the contrary, use it to help fix the advisor shortage.

Private Advisor Group reported impressive growth even as other practices of its kind have left the No. 1 IBD.

In the latest clash after Morgan Stanley's exit from the Broker Protocol, the firm notched a win as the case heads to FINRA arbitration.

Robert Moore’s view sets him apart from other executives who argue that new talent will replace low producers.