Regional BDs

The new executive moved to the regional firm only seven months ago from Morgan Stanley.

The three recruits joined the independent firm from Wells Fargo and Edward Jones.

The firm is going for a middle-of-the-road approach that includes fee-based retirement accounts and which also relies on the best interest contract exemption with certain clients, says CEO Ron Kruszewski.

CEO Ron Kruszewski says market conditions and the fiduciary rule are dampening growth at the firm and throughout the industry.

The advisers made the move in the wake of new regulatory guidance which takes aim at recruiting deals.

Two industry veterans joined the fast growing regional brokerage firm.

"There are ways to potentially be cute with it. You could potentially cut out retirement business from the back-end bonuses," says an ex-Merrill Lynch executive who works in the independent space. "Cute doesn't usually work when it comes to regulators."

Here's why the firm needs greater name recognition that attracts advisers, according to recruiters.

How Ronald Kruszewski is working to make the regional BD into an industry contender.

"We fully expect to offer a range of options to help our clients," CEO Paul Reilly said.

CEO Jim Cracchiolo said the firm will still offer variety on its platform, but that it needs to make sure products are "appropriate for the client."

Client assets for the firm's advisory business hit a record high.

One recruit started in the industry more than two decades ago.

The new recruits come from Morgan Stanley and Wells Fargo Advisors.

Will RBC's Christopher Vollmer, the current No. 1 on the regional ranking, return to the newest list? Or will a new young professional take the top spot? Advisers now have more time to join this elite group.

The regional brokerage firm picked up recruits from Wedbush Securities and Merrill Lynch.

Will Morgan Stanley's John Perry, the current No. 1, return to the newest ranking? Or will a new young professional take the top spot? Here's a chance for advisers to join this elite group.

The firm's latest recruit has more than three decades of industry experience and previously worked at Wells Fargo Advisors.

The advisers are industry veterans who joined the regional firm in two offices.

The new recruits join from RBC and Wells Fargo Advisors.