Recruiting

Headcount is down by 200 compared to a year-ago.

Coming off a strong recruiting year, Steward Partners has enticed three more Wells Fargo brokers.

The move marks the firm's second hire in the past week.

The advisors joined the firm's recently opened office in Flint, Michigan.

The firm also reported that its advisor ranks were up 2% year-over-year, boosted by its training program.

They were previously part of a team that oversaw $2 billion in assets.

Fourth-quarter profits ticked up a modest 1% year-over-year to $659 million even as number of advisors dropped 2%.

‘This move highlights the increasing regulatory burdens faced by independents and the solutions that Stifel can offer,’ regional director Kevin Ortmeyer says.

Advisors have been ditching some of the larger firms for greater latitude.

The firm has appointed company veteran Doug Brigman to run the Tampa Bay complex.

The group, which oversaw approximately $300 million in client assets, joined the firm's independent broker-dealer.

Independent Financial Group has grabbed 14 practices with 44 advisors from NPH firms since the LPL deal.

The bank, which has about 1,000 financial advisors and relationship managers in the U.S, will drop the agreement on January 8.

Concerned about the wirehouse's "trajectory," Glen D. Smith sought out a business model his kids could join one day.

The pair was drawn to the firm’s “similarly aligned” culture.

The No. 20 IBD unveiled a total of 15 practices joining its ranks in the fourth quarter.

H. Beck’s incoming president brings experience with her new firm’s earlier ownership structure and its custodian's platforms.

The Landmark Group ditched the large firm for Fieldpoint Private, a boutique firm with 28 advisors.

The five consultants spent a combined 55 years at the No. 1 IBD, and they set up shop near two of its main corporate offices.

LPL's acquisition of National Planning Holdings' assets alone resulted in 10 moves of $744 million or more of clients assets.