Recruiting

The wealth manager has leveraged massive resources across its three channels, but it’s not altering its approach to the continuing breakaway movement.

Wells Fargo, which has been dealing with a series of scandals and regulatory issues, has temporarily halted the use of diversity guidelines for hiring after a report that staff held fake interviews with minority candidates to satisfy in-house rules.

There are signs that the firm’s headcount slippage is slowing, but that may account for reduced earnings due to higher compensation costs.

The wirehouse is making the business case for financial advisors merging their books together, alongside an offer to assist with coaching services.

A major recruiting move and a large acquisition reflect a marketplace that experts say hasn’t been negatively affected by volatility, inflation or rising interest rates.

An Ameriprise study found that firms are craving technology talent during the Great Resignation.

A giant wealth manager is expanding its reach in a rapidly consolidating channel of the industry that simultaneously needs to hire a lot more financial advisors.

With a new high in firms and financial advisors in the channel, an increasing array of competitors are pitching themselves as the edge.

Market volatility and the Fed's interest rate increases aren't likely to reverse the trend.

The wealth programs in the channel are going through a significant shift amid major recruiting moves and consolidation, according to a consultant’s report.

After agreeing to purchase Wealthfront during the first quarter, CEO Ralph Hamers says the firm is eyeing more opportunities in the U.S.

Taking on the challenges of filling big shoes and finding a new executive director, the practice management consultant has big plans for the organization.

As CEO Jamie Dimon faced questions about a potential recession, the firm’s wealth management units displayed continuing headcount growth.

The enterprise left Kestra for Triad Advisors as part of the largest recruiting addition to the independent wealth manager in years.

Fieldpoint Private will offer private banking services to Summit Financial’s advisors, but it will give up its plan to fold into the Merchant-backed firm.

Teams are taking longer to switch brokerages as the pandemic recedes and advisors return to the office, according to John Pierce, the firm’s head recruiter.

The brokerage sustained a net loss of hundreds of brokers last year after a pause in hiring during the coronavirus, according to its annual report.

A trio of advisors dropped Wells Fargo as practices choose between staying with wirehouses or joining the RIA movement.

The firm that helped dozens of practices go independent is using the tactic most often deployed by its previous main rivals.

Net new assets soared in 2021, even though the firm's pandemic-related pause in hiring and training overhaul has trimmed its force of brokers.