The firm is of two minds on the issue: It can hire whomever it wants from competitors, but many of its own advisers are off-limits.

The new recruit is joining Corient Capital, an independent firm founded a year ago by ex-Merrill Lynch advisers.

It’s time for professional planners, as opposed to sales agents, to define themselves accurately in the public mind. To do it, you need to use key words and phrases with crystal clarity.

LPL touts its size and scale as a plus to attract advisors, but the company's heft can also work against it, consultants say.

The brokerage firm promoted one of its own to replace a retiring senior vice president, while picking up two branch managers from rival firms.

Founder of ultra-HNW boutique starts team meetings with discussions about members’ outside lives before moving on to clients.

Some call it 'relentless,' but scouting for the best candidates has resulted in a better array of services from the industry's top firms, says leading recruiter Mark Elzweig.

Also, J.P. Morgan saw a team managing $300 million in client assets go independent.

Three industry veterans – one with more than four decades of experience – oversaw more than $205 million in client assets, according to Raymond James.

The wirehouse's latest hires will support client development and strengthen product delivery, according to Morgan Stanley.

Some wirehouse branch managers have made the transition to the independent channel, but doing so takes careful planning, experts say.

The new recruits are opening a new office for the independent firm.

The branch is staffed by 22 advisers, most of whom are recent recruits from Credit Suisse.

The UBS Americas president explains why he thinks the industry's pursuit of top talent has gone too far.

The Gryphon Group generated $1.3 million in production before leaving the wirehouse.

One used to be enough, but planners keen to move up the ladder need to develop their arsenal — and quickly. Just as importantly, however, these skills can provide a roadmap for where the firm should invest.

Firms that want to grow put each employee to work around that goal. In time, the culture will become one that prizes new initiatives.

Analysts and industry insiders are divided as to what impact the wirehouse's revamped plan may have on rival firms and breakaway advisers.

As social investing has broadened its horizons, returns have also improved, says Matt Papazian, CIO of Cardan Capital Partners.

Hiring young planners is one thing but keeping them happy is another.