Recruiting

Billion-dollar teams are voting with their feet. Here’s where they are going.

The advisors defected from rivals UBS and Merrill Lynch.

After logging 27 years at the firm, the advisor is starting his “next 25-year chapter” as an independent.

In both moves, fathers brought their children to work as colleagues.

LPL has reeled in about half of the reps changing their BDs so far this year, but the full RIA channel is also reaping big gains. Plus, other news in the indie space.

The wirehouse added more than a dozen advisors in the last month managing more than $1 billion in client assets.

Muirwood Private Wealth exemplifies “cracked-code” of pandemic moves, observer says.

The 30-year industry vet launched a firm on the Dynasty platform citing better technology and “freedom” as reason for the move.

One of the new hires had been with the wirehouse since starting his career there 22 years ago.

CEO Jim Gold anticipates an uptick in advisor moves in coming months.

The advisors had been with their former employer for 11 years.

The insurer-owned IBD identifies leaders in target markets as it offers independence “with a hug,” according to its head of recruiting.

The new additions include an advisor with five decades of experience in the business, plus his two sons.

Hailing from Merrill Lynch, Edward Jones and Waddell & Reed, the advisors join as both employees and independents

The newly independent advisor oversaw $92 million in client assets.

One team is among the top producers in their region, and the other spent more than two years assessing potential employers.

The moves also indicate advisors are more willing to make a career change following a recruiting slowdown due to the coronavirus.

More than 300 reps have switched BDs so far this year, with LPL and Cambridge Investment Research completing the two largest grabs.

The team is staffing a new office in California for the boutique wealth manager.

The wirehouse, which has reduced recruiting efforts, enticed the team over from AllianceBernstein.