Wirehouse advisors

Most clients don’t give a hoot about fiduciary and best interest standards.

An advisor of 36 years, Jay Mastilak moved to Stifel from Wells Fargo.

The 18-month-old Sanctuary Wealth caters to breakaways but is also open to independent advisors as well, CEO Jim Dickson says.

The independent broker-dealer has seen significant growth in the last three years.

Craig Findley once helped oversee a 36-member team that managed more than $6 billion.

The team made the transition with Kestra Private Wealth Services.

Six months in, the wirehouse is taking an unusually hands-on approach in its first foray into the RIA space.

The St. Louis-based firm is looking to hire advisors from wirehouses, says head of recruitment John Pierce.

Sanctuary Wealth firms now have over $10 billion in client assets.

The recruits include a 37-year industry veteran who co-managed $240 million in client assets.

Two teams with $344 million in total AUM are tasked with expanding the firm’s presence in Mexico and South America.

The fast-growing firm now has more than 100 brokers.

The regional BD opened its third new location in Texas this year.

The firm had cut back on hiring efforts in 2016, citing exorbitant costs.

Concerns arose when the SEC first proposed its package of regulations. Instead of addressing these worries, the agency just codified them.

The advisors managed more than $225 million in combined client assets.

One departing practice managed $100 million in assets.

The team joins Raymond James’ burgeoning brokerage ranks, which recently hit 7,862 independent and employee advisors.

The firm has its origins as a family office founded by John D. Rockefeller in 1882.

Several of the firm’s new hires are industry veterans with more than 30 years of industry experience.