Wirehouse advisors

The seven recruits made the move from three wirehouses, Raymond James and Stifel.

The recuits joined the wirehouse from Deutsche Bank, which is selling its U.S. Private Client Services unit to Raymond James.

The regional BD also recruited a complex manager from J.P. Morgan.

The former wirehouse group, which specializes in retirement plan consulting and planning, worked mostly with institutional clients before making the move.

The independent firm affiliated with Raymond James lured a wirehouse recruit with close to 20 years of experience.

"We are not going to have a separate robo adviser that would disintermediate our existing advisers," says CEO Paul Reilly.

The recruit spent two years researching the move before deciding to leave the wirehouse.

Several of the largest moves this year show top talent is looking beyond traditional choices.

The two ex-wirehouse advisers each had about 20 years of industry experience.

The largest recruits managed more than $17 billion in client assets.

Adviser recruiting was not expected to be affected, according to people with knowledge of the matter.

The largest teams to go indie this year managed more than $5 billion in client assets.

Regulatory and industry changes are driving some advisers to rethink their business model, writes recruiter Mark Elzweig.

Social media is included in regulatory requirements.

The wirehouse's latest hires will support client development and strengthen product delivery, according to Morgan Stanley.

"It was terribly important to us that we were participating and supporting a partnership with a firm that is innovating and has strong backing," said Richard Steinmeier, head of the Wealth Advice Center at UBS.

The Gryphon Group generated $1.3 million in production before leaving the wirehouse.

The recruit was overseeing 100 advisers responsible for $15 billion in client assets before joining the breakaway firm.

The wirehouse's latest recruit generated about $1.9 million in production.

The recruit had $1.8 million in annual production before making the move, the regional BD said.