Wirehouse advisors

The regional broker-dealer adds another team to its roster while wirehouses continue to scale back on recruiting.

With these latest additions, the regional firm furthers its Southeast expansion.

The new hires are the latest recruits to join the regional firm.

Smaller brokerages are benefiting in big ways from cutbacks at three of the four largest firms.

Phil Shaffer says changes in the business necessitated a career change if he was to maintain an edge in serving clients.

The broker claims in filings that he was harassed by the bank, culminating in his firing in February of last year.

Two of the groups joined the regional firm from Morgan Stanley.

Dan Rothenberg of UBS says it's given his team an "easier hurdle to be beat rather than a benchmark."

"You know the industry that we're in, it's very much word-of-mouth," says Morgan Stanley's Fulvio Urbinati.

Merrill Lynch's Dane Runia says he avoids outsourcing too much.