Wealth management firms look to grow the bottom line out West. "Everybody is trying to get bigger in the marketplace. And those who aren't present here want to enhance their presence," says Bill Willis, a Los Angeles-based recruiter.
Janney Montgomery Scott replaces wealth management products chief David Penn, as he steps down to become a financial advisor.
A Merrill Lynch advisor managing $230 million in assets has left the wirehouse to join RBC Wealth Management.
Wirehouse advisors managing more than $1.1 billion in assets have moved over to Wells Fargo.
In a two-week period, Ameriprise has recruited five advisors managing more than $600 million.
Deutsche Asset & Wealth Management recruited a private banker and managing director from J.P. Morgan to open a new office in Dallas.
Morgan Stanley landed an advisor team managing $1.1 billion in assets.
Baird picked up a branch manager from Wells Fargo and a regional advisor managing about $150 million in assets.
Regional broker-dealer Janney Montgomery Scott recruited an advisor who managed $115 million in assets and generated about $1.3 million in annual revenue.
HighTower recruited a Merrill Lynch advisor team managing $440 million in assets.
As people live longer lives, clients are ever more worried about outliving their assets. Advisors are helping them stay calm about maintaining their lifestyles in retirement.
A Wells Fargo advisor managing $115 million in assets has left the wirehouse for Raymond James & Associates.
Two Merrill Lynch advisors managing $227 million in assets have left to join Wells Fargo Advisors.
Raymond James recruited a former Merrill Lynch executive to head one its newest branch offices.
Q&A with Benjamin F. "Tad" Edwards IV, CEO and President of Benjamin F. Edwards & Co., on how he built up his firm to have 180 advisors in 24 states.
Wealth management firms are positioning themselves to meet rising demand from millennial investors who want to better align their investments with their values.
Regional firm Benjamin F. Edwards picked up a Wells Fargo advisor team.
Wells Fargo's elite Abbot Downing unit is adding a senior consultant to the team overseeing client education programs for ultrawealthy clients.
Two Morgan Stanley advisors managing $348 million in assets have left to join Wells Fargo Advisors.
A Raymond James advisor has left the firm to join U.S. Capital Advisors, a small regional wealth management firm experiencing rapid growth.