Regional BDs

The win follows a first-quarter report showing it grew its ranks 3.4% over the prior year.

The $230 million team — comprised of two former NHL players — moved over from the firm’s employee brokerage unit.

The regional BD has approximately 1,800 advisors.

The advisors are the latest in a string to jump from a wirehouse to a regional BD.

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The new recruits signed on with the firm’s independent and employee broker-dealer units.

Advisor headcount reached 2,160 advisors for the first quarter, up a net 43 from the year-ago period.

For one of the new hires, the move was about getting back to “a culture of a smaller, more personalized firm.”

The regional BD adds two teams with $373 million in assets.

The firm is looking at a range of “different opportunities” for potential wealth management deals, CEO Jim Cracchiolo says.

The company hopes to recruit new advisors by taking a version of its home office tour on the road.

The advisors join from Merrill Lynch, Raymond James, U.S. Bancorp and Investment Professionals.

Three of seven new hires came from wirehouses.

On Wall Street analyzes starting payouts at leading wealth management firms.

The recruits joined from Merrill Lynch, Wells Fargo Advisors, SunTrust and Snowden Lane Partners.

On Wall Street presents its annual analysis of base pay at wirehouse, regional and national broker-dealers.

Janney, RBC and Edward Jones are three firms that have modified how they deliver coaching and training to advisors.

The firm’s latest hires come at the expense of Oppenheimer & Co. and UBS.

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The firm has brought on 200 advisors since 2015.