Wirehouse advisors

One defecting advisor says she was lured by better technology and because at her new employer, “It’s about the people and not just the numbers.”

The firm’s diminished ranks are a sign of huge changes in the wirehouse world since the financial crisis ended.

“We didn’t need to physically travel to see that RBC was the ideal place to move our practice,” ex-UBS advisor says.

How they’re hiring, striving and even thriving under new conditions.

The firm has recruited at least 22 advisors this year who managed $3.3 billion in client assets.

Changes to compensation plans get put on hold as advisors and firms reel from pandemic’s economic fallout.

In just two days, technology and remote staff helped ex-Wells Fargo FAs managing $281 million open client accounts at their new employer.

Advisors who switch firms during the pandemic have tough (virtual) conversations with clients in store.

Lawsuit claims woman advisor was denied revenue opportunities and administrative support amid an alleged climate of harassment and discrimination.

The firm is making changes to its small household policy, which it had previously tightened prior to the current public health crisis.

A lull due to the coronavirus appears to be over, according to the No. 1 IBD’s top recruiter. The firm is still competing against a slew of rivals for ex-wirehouse reps.

The firm is hosting virtual meetings with prospective hire as it seeks to further its growth.

It’s one of several ways that the firm is working to keep growth plans on track.

The firm detailed its strategy for complying with the SEC’s regulation ahead of its June 30 enforcement date.

AUM is down 7% for the wirehouse, which now has 20,000 financial advisors and associated staff working remotely.

The advisor joined before states and cities began ordering businesses to close and residents to shelter in place.

It's the largest IBD recruiting move announced so far this year, and it may not be surpassed any time soon due to the pandemic.

The firm had intended on increasing some grid thresholds by about 10%.

The amount of financial advisors changing firms doesn’t capture the breadth of the challenge broker-dealers face to retain them, recruiter Jodie Papike says in an episode of Financial Planning’s podcast.

It’s another action taken by wealth management firms to safeguard employees and clients from the coronavirus.