Regional BDs

The move marks the second wirehouse poach for the firm in as many months.

The group previously generated almost $2 million in annual revenue, according to their new employer.

The advisors come from a firm reported to manage over $5 billion in assets.

They made the move in part because of the marketing and research resources the firm offers, says new hire Todd Kissel.

The new hires joined a recently opened branch in Tuscon, Arizona, continuing a push west for the regional firm.

"This is a challenging time for the firm with the DoL rule," CEO Paul Reilly said.

The rule has cost the firm tens of millions of dollars in compliance and lost revenue.

The Connecticut office tallied 14 new hires in the past twelve months, the firm said.

The Labor Department has indicated that further revisions to the regulation could be forthcoming.

This year has seen more moves, bigger moves and more expensive moves.

Firms still rely heavily on commission income despite drops last year.

Stan Leavitt said he was drawn to the regional firm for its culture and financial planning capabilities.

The new complex manager will oversee 43 advisers at the regional brokerage.

The advisers previously worked at RBC Wealth Management, with one of them making the firm’s Chairman’s Council.

Despite hiring pullbacks at the larger firms, there's been no shortage of multibillion dollar moves.

The broker now operates from Ameriprise's independent side, according to the company.

The latest hires join the regional firm from Wells Fargo and RBC.

Wealthy clients are demanding more services and help planning their lives, the regional firm says.

The new comp plan for its employee channel advisers goes into effect in September.

Concerns about management dragged down job satisfaction ratings in J.D. Power’s annual survey.