Regional BDs

The regional BD’s newest hires oversaw $230 million in client assets.

The broker-dealer nabbed three planners from Wells Fargo, one from Morgan Stanley.

A focus on productivity has resulted in attrition of lower producing brokers, the firm says.

The firm is working hard to lure advisors away from its larger rivals, said CEO Ronald Kruszewski.

It’s the second big hiring announcement by the regional BD within the past week.

The group includes several industry veterans, one of whom has 50 years of industry experience.

The firm’s broker ranks expanded to 7,813 independent and employee advisors, a new high.

The firm has streamlined its leadership structure and overhauled its marketing strategy.

Kelly Coffey will succeed Russell Goldsmith as CEO of City National, a Los Angeles-based unit of RBC.

A lawsuit filed by an ex-client was granted class action status after the firm failed to keep the dispute out of court.

Jim Cracchiolo aims to boost the number of clients receiving comprehensive plans through a series of tech upgrades for advisors next year.

This quarter the firm brought on 14 new advisors, who advised more than $1.1 billion in client assets at their former firms.

A Florida court will hear a client’s claim that the firm charges processing fees that had ranged as high as 10 times more than the stated purpose: transaction and clearing costs.

“High-touch” support, technology and firm culture played a part in career changes for seven advisors.

Schwab, Vanguard and LPL explained their approach to campaign donations as the industry and its supporting sectors provided $19 million in PAC contributions.

Earlier this year, Jason Kirkland was recognized for his “many contributions” to the firm.

Being an independent advisor isn’t for everyone.

Gratz Park Private Wealth will offer internships and shadow programs to college women interested in business.

More than half of the broker-dealer’s new hires come from Wells Fargo.

Robert DuKate initially stayed behind when his partner, David Katz, switched firms. Eight months later, he followed along.