Wirehouses

Three advisers opened a new office for the independent firm, which is affiliated with Raymond James.

Turn these major fears into motivators for pursuing greater success, says Scott Collins, director of brokerage independence at TD Ameritrade Institutional.

The new recruits joined the regional firm's employee channel.

Carrie Tolstedt, formerly in charge of the community banking unit, and the wirehouse's board were named in the litigation.

The recruits left rival firms such as UBS and J.P. Morgan to join existing practices at the independent broker-dealer.

The new recruits come from from Merrill Lynch, Cetera and SagePoint Financial.

One of the recruits is an industry veteran with more than 30 years of experience.

One of the new recruits was previously affiliated with Raymond James as an independent adviser for about a decade.

Two are coming back to Mother Merrill, having worked there in the 1990s.

Advisers who impress senior management can sometimes walk away with bigger offers.

Advisers who impress senior management can sometimes walk away with bigger offers.

The advisory group decided that operating as an RIA was a better option.

The planner, who oversaw $132 million in client assets while at the wirehouse, is starting out on his own with help from Raymond James, the firm said.

The bank’s president Tim Sloan has been meeting with members of Congress and their staffs in Washington, said people with knowledge of the discussions.

Advisers who are attentive will find that they retain their books of business.

One of the recruits began his career in the late 1980s.

Plus, Wells Fargo hires a $700M team from J.P. Morgan Private Bank and helps a $587M Morgan Stanley team go independent.

A settlement with Bank of America covers 270 employees who were terminated following the wealth management firm's 2008 acquisition.

The penalty is the largest ever imposed by the Consumer Financial Protection Bureau.

Competing in his first triathlon helped John Pierce discover the direction he needed to succeed in wealth management.