Wirehouse advisors

The group had been at their previous firm for 14 years.

One recruit left an IBD to join the wirehouse.

After logging 27 years at the firm, the advisor is starting his “next 25-year chapter” as an independent.

The wirehouse added more than a dozen advisors in the last month managing more than $1 billion in client assets.

Independent advisors may enjoy freedom of choice when it comes to all things digital, but giant institutions have a leg up with integration.

The new additions include an advisor with five decades of experience in the business, plus his two sons.

The 18-month project is part of the $3 billion that Bank of America allocates annually to new technology initiatives.

One team is among the top producers in their region, and the other spent more than two years assessing potential employers.

The moves also indicate advisors are more willing to make a career change following a recruiting slowdown due to the coronavirus.

The team is staffing a new office in California for the boutique wealth manager.

One defecting advisor says she was lured by better technology and because at her new employer, “It’s about the people and not just the numbers.”

The firm’s diminished ranks are a sign of huge changes in the wirehouse world since the financial crisis ended.

“We didn’t need to physically travel to see that RBC was the ideal place to move our practice,” ex-UBS advisor says.

How they’re hiring, striving and even thriving under new conditions.

The firm has recruited at least 22 advisors this year who managed $3.3 billion in client assets.

Changes to compensation plans get put on hold as advisors and firms reel from pandemic’s economic fallout.

In just two days, technology and remote staff helped ex-Wells Fargo FAs managing $281 million open client accounts at their new employer.

Advisors who switch firms during the pandemic have tough (virtual) conversations with clients in store.

Lawsuit claims woman advisor was denied revenue opportunities and administrative support amid an alleged climate of harassment and discrimination.

The firm is making changes to its small household policy, which it had previously tightened prior to the current public health crisis.