Wirehouse advisors

In the last month, RBC has hired six teams from wirehouses and other regional firms.

The independent firm was founded by two former Merrill Lynch advisors in 2012.

Three quarters of the firm’s 57 new recruits have come from the largest firms.

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.

Recognize that you can't do it all by yourself, says Morgan Stanley's Mihir Patel.

"At least 50% of our assets are three generations or more," explains Bob White of HighTower.

Raymond James grabbed five multi-million teams in a month. Other firms to see big transitions include Wells Fargo and Ameriprise.

"I probably spent the first three years in the business not opening my mouth with clients and just learning from him," says J.R. Gondeck of HighTower.

You likely have helped plan your clients' retirement, now it is time to plan your retirement.

The move marks the second wirehouse poach for the firm in as many months.

Two factors drove Morgan Stanley's Nick Kavallieratos to the top of On Wall Street's 40 Under 40 list earlier this this year.