Recruiting

One firm made three small changes that could appeal to brokers, while the other company’s overhaul will make it more closely resemble its competitors’ setups.

Seven former Wells Fargo Private Bank planners left to join a firm seeking to expand where they say large banks and brokerages have pulled back.

A quartet of advisors with $400 million in assets chose the independent firm out of many suitors.

The higher number of brokers in two of the megabank’s largest business segments reeled in higher client assets based on equity values and inflows.

Teams managing $7.5 billion in client assets flocked to Financial Advocates through referrals from other reps who had previously moved to the firm.

The PE-backed consolidators picked up firms with a combined $6.7 billion in client assets as high valuations and expansion plans bring sellers to the table.

An ex-executive with a firm acquired by the network three years earlier will lead FSC Securities as it seeks to grow in a competitive industry.

Sean Kaligh dropped Wells Fargo for LPL, as more planners leave wirehouses during the pandemic.

The RIA consolidator poached the founding advisor’s practice only about a year after the enterprise closed its BD in its prior move.

After topping $1 billion in client assets, Crewe Advisors completed the first step in its growth strategy.

The practice led by two brothers is the 10th to join Dynasty’s platform in 2021, as more wirehouse teams go independent.

Morgan Stanley, Raymond James, Charles Schwab and Truist aim to fuel long-term shifts in advisor recruitment and retention through a series of new programs.

Fed up with the traditional brokerage training programs, financial advisors are opening more doors right into independent practices.

Cresset added five more advisors to the previous 10 that the megabank claims a founding partner recruited in violation of the terms of his resignation.

Kuttin Wealth Management is four years into an ambitious strategy to build offices nationwide using the model of its founder’s practice.

Penn Mutual-owned Hornor, Townsend & Kent has completed an executive shakeup after its advisor headcount fell by 10% last year.

The wirehouse’s decision to drop foreign business earlier this year has created a recruiting opportunity for its rivals.

Concurrent is having its best recruiting year ever, and the firm’s new managing director of business development aims to boost its expansion even more.

The wealth manager has opened more ways to affiliate with the firm by starting to tap M&A deals with a sizeable pipeline for more in the future.

Financial advisor Alan Kodama’s team aligned with the No. 1 IBD as it reeled in $35 billion in recruited client assets in the second quarter.