Wirehouse advisors

Richard Fuld's Matrix Private Capital Group has both asset and wealth management operations.

The win follows a first-quarter report showing it grew its ranks 3.4% over the prior year.

The RIA is the largest firm to depart the protocol in more than a year and a half.

The pickup adds to the platform service provider’s hot streak.

Advisors from rivals Merrill and Wells Fargo will join the firm. “Our recruiting pipeline is robust," an executive says.

Two factors are prompting an upsurge in career changes.

The 11-person team, which was assisted by Dynasty Financial Partners, was attracted by the raft of technology options in the independent space.

The move will merge capital-markets teams across wealth management and the investment bank in the U.S.

Is there a lesson for other advisors considering a career change?

The firm is benefiting some referrals from Bank of America’s other business units.