Recruiting

The acquisition of another midsize wealth manager will boost the holding company above 2,500 reps with nearly $95 billion in AUA.

The new hires include industry veterans and they join a growing branch in Dallas.

Despite the credit-positive reading by one agency, the IBDs are competing against less leveraged rivals.

The nearly 10,000 advisors affiliated with the firm grow 2.5 times as fast as their peers at rival brokerages, CEO Jim Cracchiolo says.

A team that has grown through acquisitions dropped the No. 1 IBD after the institution purchased another one for more than $600 million.

The new recruits build on the 43 advisors Janney added last year.

One of the largest wealth managers aims to attract more teams out of the crop of nearly 7,000 advisors leaving employee-channel firms each year.

The firm pivoted away from an aggressive hiring strategy in 2016 and has seen a substantial drop in costs associated with picking up experienced talent.

Arete Wealth’s niche focus on alts for HNW and UHNW clients has given it a strong foothold in a fractured sector, experts say.

The St. Augustine, Florida-based advisors specialize in high-net-worth families, business owners, executives and foundations.

The ex-Morgan Stanley and Merrill Lynch advisors join the wealth manager, which has been aggressively recruiting in recent months.

The firm’s aggressive hiring streak continues with the onboarding of several wirehouse advisors.

Nearly three decades after launching their practice, the two founders say they’re looking forward to spending more time with clients.

The group leader, advisor Lars Olson, had been with the wirehouse since 1994.

Whitnell & Co. changed hands in a deal with a regional bank that also struck a strategic partnership with the wealth manager.

Firms will up their tech investments and continue rewards and punishments designed to shape advisor behavior, says recruiter Mark Elzweig.

The firm credited keeping its offices open during COVID-19 as a major selling point as FAs industrywide kept making moves and repapering their clients.

The IBD completed a stellar recruiting year by adding a team led by a 30-year veteran advisor.

With an eye on pathways to fee-only practices and away from an “eat what you kill” philosophy, four planners aim to usher in a more diverse profession.

The new additions join a set of big hires at the wirehouse.