Regional banks

Recruiting stayed strong as Raymond James reported a 6% increase in quarterly profits for its wealth management unit year over year.

The bank generated $97 million in second-quarter revenue from its brokerage, trust and insurance operations, up 7.8% year-over-year.

Three recruits from the wirehouses join the hybrid RIA Washington Wealth.

Holding special events and activities for clients can strengthen relationships with wealthy individuals in your business, as long as advisors keep within compliance.

Will the trickle of advisors leaving Barclays for rival firms turn into a flood?

Tash Elwyn, president of Raymond James & Associates, says recent recruiting milestones have "triggered a number of inquiries" from advisors thinking of making a move.

The moves represent another blow to Barclays, which lost five advisors in advance of a pending deal to sell its U.S. wealth management operations to Stifel.

The bank looked to one of its own to replace the current wealth management and insurance division head.

Advisors aren't so happy this year, in particular due to changes in comp plans and subpar leadership, according to the new J.D. Power study.

Rival Edward Jones has grown and wants to keep on growing.

"If we don't grow, then we abdicate that opportunity to our competition," says James Weddle, managing partner of Edward Jones, which hopes to surpass Morgan Stanley as the industry's largest brokerage by headcount.

KeyCorp in Cleveland has hired Gary Poth as head of its family wealth division at Key Private Bank.

Two advisors left the wirehouse to join the large regional brokerage, representing the latest in a recent string of mega teams that have switched firms.

Two recruits joined the regional brokerage from rivals Merrill Lynch and Wye Financial & Trust.

The three advisors all joined the super-regional firm from Janney Montgomery Scott.

Aggressive transition packages, expiring contracts and deals adding up to a 400% payout for some advisors are helping wealth management firms recruit new teams.

A FINRA arbitration panel ruled in Merrill's favor and against the former wirehouse advisor, although one arbitrator dissented in awarding the firm about $200,000 in attorney's fees.

The team generated nearly $4 million in annual revenues while at Morgan Stanley and joined Raymond James' employee channel.

The regional firm landed an advisor with more than three decades of experience.

Some advisors might land a sizable payout, according to documents seen by On Wall Street.