Wirehouse advisors

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.

Richard Fuld's Matrix Private Capital Group has both asset and wealth management operations.

The win follows a first-quarter report showing it grew its ranks 3.4% over the prior year.

The RIA is the largest firm to depart the protocol in more than a year and a half.

The pickup adds to the platform service provider’s hot streak.

Advisors from rivals Merrill and Wells Fargo will join the firm. “Our recruiting pipeline is robust," an executive says.

Two factors are prompting an upsurge in career changes.