Recruiting

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.

Financial advisor Lazetta Rainey Braxton describes tangible methods for opening minds and advisory practices.

The firm expands on both coasts with Glasband Stempel Wealth Management in Florida and Carol Wilshire in California.

“The strategy was really tied to choosing the right partners who we knew had a greater likelihood of integrating well together,” says Amit Sahasrabudhe, COO of the firm’s U.S. wealth management business.

Pressing the bank for examples of non-solicitation violations, the judge cut off JPMorgan’s attorney: “you are dancing all around my question.”

The group includes an advisor who started his career at Merrill in 1977.

This follows another August acquisition — an ex-UBS team that managed $1 billion in assets.

The slate of new hires come from several competitors including Wells Fargo and Edward Jones.

The new recruits include a 34-year industry veteran.

The move is one of the largest of the year.

Seventy-seven percent of advisors report they have lost business as a result of not having the appropriate digital tools to interact with clients, according to a new report.

The new additions oversaw more than $275 million at their former employers.

Focusing on “investment in leadership and access to markets,” the IBD aims to support reps and clients of diverse backgrounds, its head recruiter says.

The father-son practice with two other advisors switched their affiliations after its founder had spent 18 years with New York Life.

Recruiting is up in a year of unprecedented upheaval. What gives?

The latest roundup of news in the IBD and RIA channels comes in a time of economic turmoil and big transactions.

The advisors staff the regional BD’s 17th office in Michigan, where it has been on a recruiting streak.