Wirehouses

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.