Regional BDs

The firm lost 94 existing advisors, but recruited 79 new ones in the first quarter. Here are six of its new additions.

The firm’s headcount declined slightly in the quarter, but advisors’ productivity remains strong and growing.

Our annual analysis of starting payouts for wirehouse, regional and national brokerage firms.

“There aren’t many combination opportunities left, so about six or seven months ago we recommitted ourselves to recruiting and got more aggressive in recruiting,” says Michael Purpura, president of D.A. Davidson Wealth Management.

The latest moves bolster the firm’s presence in the Northeast.

The wirehouse recently reported advisor headcount shrank by 258 advisors year-over-year.

Dennis Zank will continue to be affiliated with Raymond James as a financial advisor.

The firm also opened a new office in Lancaster, Pennsylvania.

The wirehouse exodus continues, as a team of Wells Fargo advisors jumps ship for the independent firm.

The “breadth and depth of relevant resources” from the home office serve as a critical differentiator, Cerulli says.