Wirehouses

Jean McCrave Baxter claims colleagues made sexual jokes and she was denied advancement opportunities afforded to male co-workers.

Advisors John Burg and Tamara Colon moved their California practice to the regional firm.

The advisor used about $410,000 to pay back investors in Ponzi-like fashion to keep the scheme alive, the regulator says.

The regional BD continues its recruiting spree, adding to the more than 400 advisors it’s already hired in the past year.

The firms may or may not be vying against one another, but their advisor forces are moving in different directions.

Brokerage industry records list one of the winners works at the firm's clearing house in San Jose.

“The industry has not done any favors to young advisors,” says independent advisor Douglas Boneparth.

The firm’s partners met while employed as advisors at Merrill Lynch, and later switched to Wells.

One of the firm's two new executives is a wirehouse veteran who started her career at Merrill Lynch in 1990.

Already an aggressive recruiter, the firm upped its advisor head count by 115 during the recent quarter.