Wirehouse advisors

“There aren’t many combination opportunities left, so about six or seven months ago we recommitted ourselves to recruiting and got more aggressive in recruiting,” says Michael Purpura, president of D.A. Davidson Wealth Management.

The latest moves bolster the firm’s presence in the Northeast.

The wirehouse recently reported advisor headcount shrank by 258 advisors year-over-year.

The hiring plans coincide with the firm's rollout of its digital advice offering, UBS Advice Advantage, which is offered through its call center.

The wirehouse exodus continues, as a team of Wells Fargo advisors jumps ship for the independent firm.

Advisors may be upset due to the high-handed attitudes of the larger firms, but pulling down six zeroes a year can offset a lot of irritation, says On Wall Street’s annual recruiters roundtable.

CFO Paul Donofrio said advisors are embracing the firm's growth initiatives and incentives laid out in the 2018 compensation plan.

The claim alleged negligence, fraud and misrepresentation, according to the regulator.

The brokerage ranks shrank by 258 from the year-ago period.

Tom Thives, a 34-year industry veteran, will head up the firm’s offices in New Jersey.

The firm was defined by a culture of “no, no, no,” a top headhunter says as part of On Wall Street’s annual recruiters roundtable.

More assets — and teams — are in motion than ever. What's behind the movement?

A recent report about bad incentives for brokers "did not accurately reflect how we do business and serve our clients," said Jon Weiss, head of wealth and investment management.

Merrill Robertson Jr. had previously been sentenced to 40 years in prison in a separate criminal case.

A new survey finds that investors prize full and upfront disclosures about fees and conflicts of interest, but advisors fall short.

Clients were allegedly steered into investments maximizing revenue for the bank and employees.

The bank is said to have been aware of the accusations for years.

Need a gut check on your career? Read what top recruiters have to say about the big and small firms in the industry.

The newly independent advisors added a new team and are looking to bring on more practices.

Dean Hoover is the latest advisor to join the Raymond James-affiliated independent firm.