Recruiting

The executive shuffle at the company continues as Credit Suisse America’s Paula Dominick is hired to replace Mike Roemer as chief compliance officer. It also hired or promoted four line-of-business chief risk officers and an enterprise testing leader.

The hires might be short-lived as job-cut moratoria end in the third and fourth quarters.

As consolidation reshapes the market, the custodian sees an opportunity to attract tech-forward and multi-custodial firms.

The team caters to athletes, entertainers, and entrepreneurs.

They all spent over a decade at their former firm.

“I wanted to be able to walk in the door and only be able to answer to one constituency: my clients,” advisor Andy Ferguson says.

The advisor is asking a judge to reconsider the order, saying he wasn’t given a chance to defend himself against accusations of violating a non-solicitation agreement.

One of the largest professional designation and training schools launched a program to award free tuition to at least 25 students in the next year.

The hires hail from Morgan Stanley and Wells Fargo.

The new hires were previously at Merrill Lynch, UBS, and BB&T.

With higher compensation offers and a track record of independence, the No. 1 IBD is “challenging the status quo,” its head recruiter says.

Here’s what leaders around the world say must be done.

The firm’s growth plans come as the industry experiences a new wave of consolidation among custodians and fintechs.

The No. 1 IBD revealed new details of its W-2 affiliation after it followed rivals into the employee channel with an acquisition it made last year.

“We basically had clients demanding that we find a new home,” after Wells Fargo failed to secure PPP loans for them, an advisor says.

The St. Louis-based firm claims its rival “instructs incoming recruits to compile client information from their former firm” as a matter of course.

The new recruits cited their new employer’s technology platform as motivation for making the career change.

The new additions help offset some recent departures at the wirehouse.

The independent broker-dealers big enough to serve the most financial advisors enjoy advantages but face distinct challenges.

The wirehouse added a pair of veteran advisors from its rival after picking up several new hires in recent weeks.