Regional BDs

The quartet of financial advisors leaving UBS after a decade also has an advisor with an equestrian specialty.

After its industry-leading headcount dipped slightly during the temporary ban, the wealth manager plans to offer more resources for incoming recruits.

As its advisor headcounts in the W-2 channel have stagnated, Raymond James Advisor Select added a major former UBS quartet.

The company upped its recruiting package last year, a change that has been “very well received by prospective advisors,” according to the CEO.

The firm’s recruiting is also gaining steam, despite the ongoing impact to its bottom line from low interest rates.

Where do top brokers earn the most?

The two lead advisors had each spent more than two decades with the wirehouse.

Financial Planning continues its four-part analysis of core compensation components at wirehouse, regional and national BDs.

An analysis of the core components of compensation at wirehouses, regional and national BDs.

Our annual analysis of core compensation components at wirehouses, regional and national BDs.

The largest brokerages typically make comp changes that are ‘evolutionary, rather than revolutionary.’

More than half of the broker-dealer’s clients say they’re interested in increasing the share of socially-responsible investments in their current portfolio.

The new hires include industry veterans and they join a growing branch in Dallas.

The brokers collectively generated more than $88 million in annual revenue while overseeing nearly $15 billion in assets under management.

At an average age of 37, the top-producing brokers operate in 18 different states, plus the District of Columbia and Guam.

The nearly 10,000 advisors affiliated with the firm grow 2.5 times as fast as their peers at rival brokerages, CEO Jim Cracchiolo says.

The increase comes as the recruiting market heats up.

The new recruits build on the 43 advisors Janney added last year.

Collectively, the brokers generated $167 million in annual production and oversaw $37 billion in combined client assets.

These elite producers in some cases operate far from Wall Street, even as they work for well-known wealth managers such as UBS, Merrill Lynch and Ameriprise.