Wirehouse advisors

The group leader, advisor Lars Olson, had been with the wirehouse since 1994.

Firms will up their tech investments and continue rewards and punishments designed to shape advisor behavior, says recruiter Mark Elzweig.

The IBD completed a stellar recruiting year by adding a team led by a 30-year veteran advisor.

The UHNW unit signed advisors managing a combined $3.7 billion this year and committed to maintaining a physical presence in its New York headquarters.

Like its largest rivals, the wirehouse kept grids at par after a tumultuous 2020.

The firm’s four new additions came from two wirehouses.

It’s one of the largest teams to quit a wirehouse this year.

After a volatile year, advisors get a reprieve when it comes to payout changes.

The firm has added 42 advisors this year with a combined $3.8 billion in AUM.

Alterations include higher hurdles for cash pay, a grid stretch for deferred compensation and new bonuses.

Brian Truscott oversaw more than $330 million in client assets.

The new hires generated approximately $5 million in production before making the move.

The wirehouse is also tweaking pay related to cash solutions for clients.

Disclosing such information is rare in wealth management, but long overdue, says Andy Sieg.

The former wirehouse team oversaw $1.15 billion and will staff a newly opened office for the regional BD.

It’s another big get for a bank that has been busily luring away top talent from the wirehouses.

Know a talented young advisor? Now’s your chance to nominate them for our annual rankings.

The firm currently fields 40 teams, most of which have joined this year.

Refinitv’s Workspace will power the wirehouse’s investment research and risk assessment capabilities.

Firms' legal brawls with departing advisors don’t exactly enhance their stature among clients. But there's reason to think this may become a thing of the past, writes recruiter Mark Elzweig.