Wirehouses

It seems that a long bull market in transition deals may be coming to an end.

The recruit will be a producing branch manager and oversee 10 advisers, according to his new employer.

"It's always nice when one poker player folds and it's down to two or three players," one recruiter says.

The wirehouse will offer commission-based retirement accounts under limited circumstances.

The new hires joined from UBS and Morgan Stanley, according to the firm.

The advisers generated over $2 million in annual revenue, On Wall Street learns exclusively.

The role of the firm's latest hire has yet to be determined.

The move does not apply to the giant asset management firm's ETFs, and clients are not required to liquidate existing positions.

Michael Jeppson generated about $1.8 million in annual revenue, according to his new firm.

The group is led by an industry veteran of almost 40 years.

The wirehouse’s pre-tax earnings jumped 42% year-over-year despite losing 176 advisers in that time.

UBS and Merrill lose four advisers in HighTower's seventh deal of the year.

Three wirehouse veterans are the latest to join Ameriprise, On Wall Street learns exclusively.

The broker is the latest to leave the wirehouse, which recently reported its headcount fell by 145 advisers.

The advisors left the wirehouse in a quarter that saw it lose 145 advisers.

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The firm reported record revenues, net income and client assets for the first quarter.

The four advisers are the latest to bolt from Wells Fargo's Profit Formula platform.

Some brokers who recently left the wirehouse cited differences over its policy to cease offering commission-based retirement accounts.