Regional BDs

Even with those challenges, rep productivity and client cash balances expanded in the third quarter.

The former wirehouse advisors specialize in financial strategies for high-net-worth clients, families and businesses.

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CEO John Ettelson's comments differ from those of executives at some major banks.

The advisors are reuniting with a former Smith Barney colleague in one of the firm’s largest hires of the year.

The regulator would generate an additional $225 million per year from the fee increases.

Which changes will become permanent? Our latest RIA Leaders ranking points the way.

The regional BD picked off teams from Merrill Lynch, UBS and Raymond James in a (mostly) September sweep.

The multigenerational group includes a grandfather, father and son.

The new recruits came at the expense of Merrill Lynch, UBS and Wells Fargo.

The seven advisors managed more than $450 million in combined client assets.

The majority of job cuts are in corporate departments, with little impact to advisors or client service roles, the firm says.

It’s the latest team to exit the wirehouse as profit suffers.

The former broker allegedly also used his client’s money to pay bills at gas stations, grocery and hardware stores, according to the regulator.

Some of the recently acquired advisors will open branch offices for the growing BD.

The firm expands on both coasts with Glasband Stempel Wealth Management in Florida and Carol Wilshire in California.

This follows another August acquisition — an ex-UBS team that managed $1 billion in assets.

The move is one of the largest of the year.

The advisors staff the regional BD’s 17th office in Michigan, where it has been on a recruiting streak.

The team caters to athletes, entertainers, and entrepreneurs.