The wirehouse advisor moved to the independent channel at Wells Fargo.
One of the recruits oversaw nearly $210 million in AUM and had $1 million in annual production before making the move.
According to a survey of these elite leaders, wealth managers are leaving for more intimate work environments, and more will be making a move.
Johnny Dawson explains how the values he learned while serving his country guide the way he serves clients today.
Wealth management firms are fighting negative perceptions to recruit college students and other millennials to the business.
The industry takes on the challenge of mentoring young recruits by focusing on the senior wealth managers who guide them.
Summit Financial, based in Westlake Village, Calif., is a primarily fee-based RIA offering clients investment management, insurance and retirement planning, says Triad, which offers advisory firms both a broker-dealer and a fee-based RIA multi-custodial platform.
A group with $4 million in production moved between the wirehouses, saying it wanted access to the banking and lending capabilities at Bank of America.
The former Southwest Securities team had overseen $225 million in assets at the time of their departure.
Three bank breakaways join two former colleagues who started the independent firm Standard Investment Advisors last year.
A former H. Beck advisor joins Securities America after 27 years with the firm to explore some of the industry's latest technological advances.
King Financial Network president says the team went private for better accessibility and technology.
Advisors with 25 years of combined experience leave the wirehouse for the broker-dealer's private client group.
A team with more than 35 years of combined industry experience leaves the wirehouse for the regional broker-dealer.
Impressed by LPL's size and scale, Faubourg Private Wealth Advisors also liked the idea of working with super-OSJ Level Four for additional flexibility, the firms' investment models and multi-custodian platform.
Daniel Gallagher is resigning his post as a Republican member of the U.S. Securities and Exchange Commission after four years, a time marked by partisan battles over the regulatory response to the 2008 financial crisis.
Four advisors made the move between the wirehouses.
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The regional broker-dealer landed a former business director from Lifetime Financial Growth, who also worked for Merrill Lynch and Lehman brothers.
Two advisors that produced $2.15 million in annual revenue joined Raymond James Financial Services, the firm's independent broker-dealer.
M&A deals pit rapacious firm founders against undervalued junior associates, reducing planners to "idiots" and "pubescent teenagers," new report says.
The head of UBS' Client Advisory Group Bob Mulholland is set to retire, and will be replaced by fellow executive Brian Hull according to an internal UBS memo.
Two other groups that managed more than $300 million also move to the wirehouse.
New hires join the firm's employee and independent channels.
The trio collectively supervised about 200 advisors who oversaw more than $17 billion in client assets for UBS and Wells Fargo.
Morgan CFO Ruth Porat was eligible for $14.1 million in unvested restricted stock and $13.8 million in total deferred compensation as of the end of 2014.
Sage Private Wealth recruits an advisor with about $1.3 million in annual revenue -- and a family resemblance.
Management is pushing advisors new directions, implementing more behavioral bonuses and restricting payouts on small household accounts.
Two wirehouse advisors who oversaw $140 million in assets joined the super regional's employee advisory ranks.
Steven Franke was the top program manager in our inaugural list in 2008. Moving to Allegacy Credit Union last year, hes instilling winning strategies again with his new team.
The recruit oversaw $160 million in client assets while at Merrill, according to a UBS spokesman.
The group was responsible for about $425 million in client assets.
Recruits from Edward Jones, Morgan Stanley and Barclays leave for the wirehouse.
The wirehouse picked up the Blaustein Clancy Financial Group in New York.
One of the advisors managed about $200 million in client assets while working for the wirehouse. The other joins a $500 million team at Janney, the firm said.
Three advisors left the wirehouse to join the independent brokerage network at Wells Fargo.
The move marks HighTower's fifth recruiting grab this year, totaling about $2 billion in client assets.
Three wirehouse advisors joined RBC to open a new branch office.
Quartet of advisors with $175M in AUM joins Raymond James' independent operation.
The firm picked up three recruits from the wirehouse and New York brokerage.
The rollup's focus on "financial life management" and strong technology offering played roles in the deal, says United Capital Senior VP Matt Brinker.
The giant IBD is focused on recruiting more than acquisitions, says new president Dan Arnold.
The wirehouse recruited three advisors from rivals Merrill Lynch and UBS.
The wirehouse lost the team to HighTower, and a former Wedbush executive jumped to a $2.6 billion RIA. See these and other moves in our latest recruiting roundup.
A Charles Schwab advisor left the firm where he managed about $350 million in client assets, according to a firm spokesman.
The wirehouse welcomed back Michael Casey after a stint at Morgan Stanley.
The bank hired a chief investment officer to oversee asset management and promoted an executive to lead Regions Institutional Services.
A former RBC team that had over $1.25 million in combined production has joined Janney Montgomery Scott.
"Insurance and risk management services are an important aspect of our strategic plan to broaden the scope of services that we offer to our wealth, business and consumer clients," said Frank Leto, Bryn Mawr's president and CEO.
HMN Financial in Rochester, Minn., has agreed to buy certain assets and liabilities of Kasson State Bank.
HighTower adds a group led by one of On Wall Street's Top 40 Advisors Under 40.
A 33-year industry veteran heads the three-member group.
A father-and-son team from Janney Montgomery Scott joined the wirehouse.
John Horner will succeed Craig Delany, who announced his retirement last month.
The wirehouse landed five recruits from Stifel, Morgan Stanley and RBC.
Raymond James added a Wells Fargo advisor who managed $175 million in client assets.
The pace of RIA dealmaking has leveled off over the last few years, with no increase in the number of deals over the previous year and aggregate AUM acquired ticking up only slightly to $47.4B from $43.7B, according to new data from Schwab Advisor Services.
Long, who oversaw 400 advisors at Wedbush, parted ways with the firm earlier this month.
Outlook for the planners -- who were recruited with a promise that they would "not [be] required to sell" -- seems to depend on whether you talk to Northwestern Mutual or LearnVest.
Northwestern Mutual, the nation's second-largest life insurance company, is buying LearnVest, an online financial planning start-up founded in 2009.
John Lipari and Richard Ribek say they chose Raymond James' "client-first culture."
Jonathan Pruzan is expected to replace Ruth Porat as CFO next month, five years after succeeding her at an investment banking unit that serves other banks.
Two wirehouse advisors generating almost $1.7 million jumped to Steward Partners, an independent firm affiliated with Raymond James Financial Services.
"Im delighted to be returning to my California roots and joining Google," Porat said of her move back home to Silicon Valley.
Two complex directors moved up the ranks at the wirehouse.
The recruit generated $614,000 in production at his former job.
LPL's "lagging earning results" led the company's compensation committee to cut Mark Casady's bonus by 40%. But Casady also got $6 million in stock options.
Morgan Stanley is shifting top executives at the wealth management and capital markets units to give the firm's leadership broader experience with its main businesses.
The elite Bank of America brokerage unit created a new executive role to oversee philanthropic services.
A one-time wirehouse receptionist, at a time when there weren't many women in the business, now runs her own practice.
The wirehouse lost one of its biggest producers, but pulled in two teams from rivals RBC and UBS. Meanwhile, Baird lured away a $260M team from Morgan Stanley. See these and other moves in our latest recruiting roundup.
Thomas Buck and his daughter, an NFL cheerleader, left the firm for unknown reasons.
An avid surfer, this wirehouse recruit made the move to Integrated Wealth Management.
The wirehouse grabbed a group that produced $2.5 million at RBC.
The firm also said it had recruited a wirehouse team with $2 million in annual revenues.
The firm named Prudential's Tidjane Thiam to replace Brady Dougan as chief executive officer as the bank grapples with declining profitability at the securities unit and weakened capital.
After stepping down as LPL president, Moore takes an executive board role with Ron Carson, who heads an LPL branch office.
Two Morgan Stanley advisors managing about $150 million in assets moved to the regional broker-dealer.
The firm's employee channel picks up two financial planners from brokerage M.J. Whitman.
At least three senior BofA executives with long ties to Merrill Lynch have departed the division headed by Montag since bonuses were paid last month.
Raymond James & Associates tapped a former Morgan Stanley exec and RIA co-founder as regional director.
A former branch manager is promoted to oversee 142 employees.
Wealth managers from separate teams moved to the wirehouse.
Frank Epinger will oversee the firm's downtown Los Angeles, Century City, Newport Beach and Santa Barbara offices.
Arthur Tambaro thought his career was over just a year ago. But his latest move makes sense in his career path, he says.
Citi Private Wealth advisor Bernard Reina used to be reluctant to join a team, but after his hand was forced he's now a major advocate.
The two new hires managed about $210 million in client assets while at Morgan Stanley.
Three former Ameriprise advisors will sign on with the employee advisory channel at Raymond James.
The former wirehouse group is larger than Dynasty's biggest recruiting grab in 2014.
Paul McCulley is leaving Pacific Investment Management less than a year after rejoining the firm, a departure that further diminishes the influence of co-founder Bill Gross at the $1.68 trillion money manager.
A Stifel-Sterne Agee merger would dwarf other moves made last year.
The three-advisor team generated more than $2 million in annual revenue before making the move.
The advisors collectively managed nearly $2 billion in assets.
A wealth manager, with $65 million in client assets before he left the regional broker-dealer, joined an independent firm affiliated with SagePoint Financial.
Two former UBS advisors with over $120 million in client assets have signed on with Aegis Capital Group, an independent broker-dealer and RIA.
A former RBC team that managed $200 million in client assets has signed on with Raymond James' Los Angeles office.
High-net-worth unit of one of industry's biggest bank programs gets new leader in Terry Jenkins.
New hire will split his time between two community banks that Wintrust's holding company owns in the greater Chicago area.
Morgan Stanley said it hired former hedge fund manager Kay Haigh as global head of emerging markets in London, within its foreign exchange and developing markets business.
The senior regional vice president will oversee new bank and credit union clients for Cetera in the eastern part of the U.S.
The former branch vice president will now serve high-net-worth clients at the banks Los Angeles office.
Brendan Freeman was named regional wealth executive for Mid-America and will oversee Regions Private Wealth Management teams serving clients in nine states.
Recruiters see a banner year for advisor moves, likening the landscape to a seller's market.
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Raymond James & Associates recruited advisors from Oppenheimer & Co. and Wells Fargo Advisors, each with close to $1 million in revenue.
Two wirehouse advisors generating $1.3 million in annual revenues joined RBC Wealth Management.
The regional broker-dealer lands three new recruits for its employee channel, including one who managed more than $100 million AUM.
The asset management firm made the new hires during a recruiting push in the last quarter.
Two Merrill Lynch advisors left the wirehouse for independent firm Snowden Lane Partners.
A wealth manager with 30 years of experience left Citigroup Global Markets to join the year-old Lebenthal Wealth Advisors as a producing branch manager.
Two advisors left Barclays to join regional bank First Republic.
Morgan Stanley recently grabbed a team with $6.5 billion in AUM and a second managing $600 million in assets. See these and other recruiting moves in our latest roundup.
Two advisors left Wells Fargo to join Stifel.
An advisor managing more than $188 million in client assets joined Raymond James & Associates.
The firm hired the former CEO of Source Capital Group as a regional manager.
Bill Gross said he was fired from Pimco, the first time he's publicly confirmed that he was dismissed from the firm he co-founded in 1971.
Raymond James lured away a UBS advisor managing more than $120 million in assets.
An Edward Jones advisor managing more than $114 million in client assets joined the Raymond James independent channel.
Stifel Nicolaus lured away a 36-year veteran advisor from RBC.
A former BNY Mellon advisor that managed $850 million in client assets has formed an RIA affiliated with Raymond James' independent RIA channel.
The elite team left Merrill Lynch for Morgan's ultrawealthy consulting group. The mega move comes on the heels of the firm's data breach.
The new recruits come from Morgan Stanley and UBS.
The fast-growing, private wealth management firm has partnered with a new team, TC Wealth Management.
The firm recruits a team with advisors from Wells Fargo and JP Morgan.
Three of the four formed a team with $218 million in assets under management.
The Bogart Group was previously with RBC Wealth Management-U.S., managing client assets of more than $600 million.
The wirehouse recruited advisors from rivals Merrill Lynch and UBS.
Margaret Towle was most recently a partner and managing director with HighTower Advisors. She's also editor-in-chief of The Journal of Investment Consulting.
JPMorgan Chases asset-management unit promoted Robert Stark to head of strategic relationships, replacing Lee Beck, who left for BlackRock last month.
Well Fargo Private Bank in San Francisco has named Erik Davidson as chief investment officer.
An advisor joined BB&T Scott & Stringfellow to become the firm's latest wirehouse recruit.
With nearly 16,000 firms managing $2.4 trillion in assets, Cerulli predicts the RIA industry will capture 28% of retail investor assets by 2018.
Raymond James & Associates lured away a wirehouse team with $116 million in AUM.
The wirehouse named former football pro and advisor William Thomas to head the firm's San Francisco complex.
RCS Executive Chairman Nicholas Schorsch and two other top executives resigned from American Realty Capital Properties.
A Wells Fargo team left the wirehouse to join Raymond James & Associates.
An advisor managing $181 million in assets left Morgan Stanley for the Swiss firm.
Mega teams spend months, sometimes years, in the effort to find a new home and transition their oversized books.
Mark Evans will provide investment advice to clients of Ascent Private Capital Management. He is the second managing director of investments to join Ascent's Minneapolis office.
The wirehouse brought over five advisors from UBS and Citi Personal Wealth Management.
A new addition to Raymond James & Associates helps further the firm's growth plans.
Two Raymond James advisors joined Ameriprise; one went to the employee channel, the other moved to the firm's independent side.
Merrill Lynch lost a group of advisors managing $535 million in assets to Raymond James & Associates.
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A Merrill Lynch advisor has left the wirehouse to join UBS Private Wealth Management.
RBC Wealth Management-U.S. grabbed a trio of financial advisors generating $1.8 million in annual revenue from Oppenheimer & Co.
Raymond James & Associates has recruited financial advisors from RBC and TD Ameritrade, including one with $100 million in AUM.
Deutsche Asset & Wealth Management grabbed a financial advisor from rival Barclays.
In its latest organizational move, the firm hired a former Merrill Lynch banking executive to lead the growth of the wealth management business in Florida.