Recruiting

The advisors felt “some familiarity and also some loyalty” after spending decades affiliated with the wealth manager’s independent brokerage.

There’s “a pretty good chance” that the U.S. will outpace current expectations for this year, the megabank’s CEO says.

The boutique institution has 25 financial advisors, but it’s seeking to grow even larger through a deal with Summit Financial and Merchant Investment.

The office of supervisory jurisdiction is seeking to avoid any further potential disruption from M&A deals, its founder says.

LPL Financial reeled in the largest haul, but RIA consolidators and other rivals also completed mega-moves in 2021.

Private Advisor Group received capital from Merchant, while Integrated Partners has recruited nearly a dozen practices this year.

Morgan Stanley made sweeping changes to its employee benefits including increasing parental leave and allowing some employees to buy its stock at a 10% discount amid intense competition for talent.

The wirehouse aims to retain more advisors with changes it says will reduce complexity and boost incentives for growth.

The wirehouse’s compensation system will see small changes as brokerages confront their recruiting and retention challenges.

The number of reps is tumbling from the wealth manager’s previous position atop the industry.