Wirehouses

A financial planner left the wirehouse for the independent channel at Wells Fargo.

The total number of advisors across the industry rose 1.1% in 2014, according to a report from Cerulli Associates. But the research firm warns they may fall again in years to come.

The group generated annual revenues of $3 million before making the move.

The recruits collectively had $1.7 million in annual revenue before making the move.

The wirehouse's three newest recruits come from Credit Suisse.

The wirehouse said it recruited the advisors from Credit Suisse.

Chris Mahoney, a longtime veteran of the wirehouse, says he loved his time there. But bureaucratic changes forced his nearly $3 billion practice to find a new home.

The wirehouse pulled over four teams from Credit Suisse.

The breakaway launched a multi-generational firm that includes the planner's three daughters.

In one of the largest moves, the wirehouse picked up a team from Credit Suisse that generated $6.4 million in annual revenue and oversaw $610 million in client assets.

The recruits have launched independent practices and joined existing teams with FiNet.

RBC's newest recruits oversee about $132 million in client assets.

Baby boomers will continue to be the nation's wealthiest generation for the next 15 years and remain the largest fee pool for banks and financial services firms, according to new report.

The new recruits join Baird from Wells Fargo Advisors and Stifel.

An advisor overseeing $355 million in client assets joined Morgan Stanley.

The wirehouse is taking a personalized approach, says Mary Mack, head of Wells Fargo Advisors: "We are learning more about them and they are learning more about us."

The Asia Pacific Group generated $3 million in annual revenue while at Morgan Stanley.

The wirehouse advisors joined forces at Dynasty Financial Partners to launch Cardan Capital Partners.

A new recruit generating about $1 million in annual revenues made the move from UBS, the firm said.

A team that oversees $750 million in client assets made the move from Morgan Stanley to UBS, the firm said.