Wirehouse advisors

It’s one of several ways that the firm is working to keep growth plans on track.

The firm detailed its strategy for complying with the SEC’s regulation ahead of its June 30 enforcement date.

AUM is down 7% for the wirehouse, which now has 20,000 financial advisors and associated staff working remotely.

The advisor joined before states and cities began ordering businesses to close and residents to shelter in place.

It's the largest IBD recruiting move announced so far this year, and it may not be surpassed any time soon due to the pandemic.

The firm had intended on increasing some grid thresholds by about 10%.

The amount of financial advisors changing firms doesn’t capture the breadth of the challenge broker-dealers face to retain them, recruiter Jodie Papike says in an episode of Financial Planning’s podcast.

It’s another action taken by wealth management firms to safeguard employees and clients from the coronavirus.

The firm has touted its capabilities, lighter bureaucracy and corporate environment to new hires — factors that have helped lure in top talent.

Both recruits had a long history with wirehouses before trading them in for the regional broker-dealer.