The bank implemented the program to compensate advisers as they transition their books to other advisers, while ensuring that their clients are left in good hands.

Advisers at a bank may have to shift to another channel for a few years before retirement, says contributor Rick Rummage.

When advisers quit, banks lose revenue even when they hire replacements. The present value of that lost revenue averaged $2 million, according to a study by Kehrer Bielan.

Black employees at the firm say lucrative client accounts were often steered toward financial advisers who weren’t black.

The differences between Trump and Obama are numerous, but both share disgust with the irresponsible behavior that led to the 2008 financial crisis.

One of the recruits has more than two decades of experience.

The group is led by a veteran adviser who started her career in the late 1980s.

The recruit leaves a team led by a past On Wall Street Top 40 Under 40 adviser.

Adviser Zaneilia Harris seeks out clients who resemble a former version of herself — young, single, African-American women struggling to make wise choices — and keeps them by structuring compensation in an atypical way.

The recruit oversaw $110 million in client assets while working for the wirehouse, according to the regional firm.

The new recruits previously generated $1.5 million in annual revenue at UBS, according to the regional brokerage firm.

Both recruits have more than two decades of experience.

The biggest advisers to go it alone this year managed over $13 billion in client assets.

The new hires opened two offices for the regional BD.

The fast-growing firm has recruited 25 advisers this year, and is affiliated with Raymond James.

Collectively, this year’s mega movers managed more than $23 billion in client assets.

The group of industry veterans had $1.7 million in annual production, according to the regional BD.

From regulators to technology providers to CEOs, these are the players who will remake wealth management in 2017.

The new recruits joined from Merrill Lynch and Morgan Stanley.

The team accused the firm of preventing them from properly conducting business with their clients, a charge that a FINRA arbitration panel rejected.