CEO Dan Arnold said advisers’ uncertainty about the fiduciary rule is waning.

The new hires joined a recently opened branch in Tuscon, Arizona, continuing a push west for the regional firm.

"This is a challenging time for the firm with the DoL rule," CEO Paul Reilly said.

The rep claimed the firm misled him when they recruited him from PNC Bank.

The Connecticut office tallied 14 new hires in the past twelve months, the firm said.

The Labor Department has indicated that further revisions to the regulation could be forthcoming.

This year has seen more moves, bigger moves and more expensive moves.

Stan Leavitt said he was drawn to the regional firm for its culture and financial planning capabilities.

The four advisers joined the more than 500 lost by the wirehouse in the last nine months.

The new complex manager will oversee 43 advisers at the regional brokerage.

Firms must offer them to tap new talent amid the industry’s succession problems, the custodian says.

The firm also said it has benefited from low attrition and its training program.

The advisers previously worked at RBC Wealth Management, with one of them making the firm’s Chairman’s Council.

The two advisers bolted in a quarter that saw their ex-firm lose 130 advisers.

This is the second time Jefferies has poached Miami-based adviser talent from the wirehouse.

Despite hiring pullbacks at the larger firms, there's been no shortage of multibillion dollar moves.

The firm's headcount has steadily declined since the bogus account scandal came to light last year.

"With 15,000 financial advisors, it's hard to change financial planning software. It's hard to change the day-to-day stuff," adviser Jim Denholm III says.

The broker now operates from Ameriprise's independent side, according to the company.

The four advisers had spent their entire careers at Merrill before making the switch.