Recruiting

Renewed recruiting efforts and pumped-up tech are boosting headcount and fee-based assets.

The additions are expected to include financial advisors and customer service agents, and represent a 15% increase in associates who focus on clients.

The No. 1 IBD’s 2,500-advisor bank channel will add 285 more reps when two massive investment programs affiliate next year.

The wirehouse plucked the trio from Wells Fargo

The regional BD picked off teams from Merrill Lynch, UBS and Raymond James in a (mostly) September sweep.

The company plans to expand services to the high-net-worth by doubling the number of its advisors, its wealth management head says.

The multigenerational group includes a grandfather, father and son.

The new recruits came at the expense of Merrill Lynch, UBS and Wells Fargo.

Charlie Scharf’s insensitive and factually incorrect remark perpetuates a damaging trope, financial advisor Lazetta Braxton writes.

As Wells Fargo CEO Charles Scharf himself admitted, it’s an excuse — and a weak one.

The company has been experimenting with ways to recruit more women and minorities, including a program to hire professionals who had left banking.

Bleakley Financial Group also picked up an ex-hedge fund portfolio manager while expanding its national footprint.

The seven advisors managed more than $450 million in combined client assets.

The number is behind previous years, but the firm’s new head of business development says independence is more appealing amid the coronavirus.

Choosing their own technology for clients was a big draw for the advisors, who affiliated with Kestra.

The No. 1 IBD has completed three of the sector’s 10 largest recruiting moves of the year.

Ameriprise, for example, has hosted more six times as many advisors virtually than it did in person last year.

It’s the latest team to exit the wirehouse as profit suffers.

The firm is targeting elite advisors who cater to high-net-worth and ultrahigh-net-worth clients.

Some of the recently acquired advisors will open branch offices for the growing BD.