Wirehouse advisors

The advisors’ success offers lessons for aspiring wealth professionals and brokerages aiming to change a predominantly white and male industry.

This elite group of young wirehouse and regional employee representatives collectively generate more than $200 million in annual revenue.

Wealth managers are seeking to drive change by equipping brokers with resources to engage historically excluded groups.

The incident began when James Iannazzo ordered a drink without peanut butter for his son, who has a peanut allergy, according to a statement by police.

Gwen Campbell is pursuing mandatory arbitration with the Wall Street institution over allegations that its private bankers aggressively courted her star clients.

The wirehouse aims to retain more advisors with changes it says will reduce complexity and boost incentives for growth.

Consolidation, an aging broker workforce, pivots by advisors away from Wall Street wirehouses and a move to fee-based services are driving the slow but steady trend.

The ruling may offer hope for Gwen Campbell, who alleges that JPM’s private bank is “poaching” and “siphoning” her celebrity clients’ assets away from her management and paycheck.

The bank’s star recruit, a veteran advisor to famous authors, financiers and professional athletes is not happy about what she alleges is 'poaching.'

The wirehouse’s compensation system will see small changes as brokerages confront their recruiting and retention challenges.