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.
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.
A one-time wirehouse receptionist, at a time when there weren't many women in the business, now runs her own practice.
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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We caught up with our No. 1 advisor from 10 years ago, Denise White, and talked about the twists and turns her career has taken.
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.
Pacific Investment Management, seeking to stem redemptions after its co-founder Bill Gross left unexpectedly, was dropped as manager of a $6.16 billion strategy offered by a unit of Prudential Financial.
Daniel Keating, a 35-year veteran of the municipal bond market and former Bear Stearns executive, joins insurer Build America Mutual as senior managing director for municipal bond markets starting Monday.
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A discharged Merrill Lynch advisor duo that managed $2.5 billion in client assets has landed at Stifel. See all the latest hires, moves and promotions among wirehouse advisors by clicking through On Wall Street's latest slideshow.
A former BofA Merrill Lynch Team who felt wronged after being terminated has signed on with full-service brokerage firm Stifel Financial.
Latest Morgan Stanley advisor additions around the country bring a combined $565M in AUM and over $3M in revenue.
Merrill Lynch grows its Chicago presence by hiring UBS team with $500M in AUM and nearly $5M in revenue.
Stifel Financial brings in a veteran Morgan Stanley advisor for a newly created client office in West Chester, Pa.
Abigail Johnson has climbed the ranks of Fidelity Investments, the company started by her grandfather in 1946, over more than 25 years, starting as a stock analyst and working her way through almost every major division.
The deal will help Gratus Capital Management 'turbo charge' growth, says Focus cofounder Rajini Kodialam.
Mohamed El-Erian, who quit Pacific Investment Management in January amid reports of clashes with Bill Gross, said he was surprised by the events surrounding the departure of the star bond manager last week.
Halé Behzadi will oversee the bank's offices in Beverly Hills, Los Angeles, Orange County, Palo Alto, Phoenix, San Francisco and Seattle.
Wedbush advisor Mark Heiden talks about what drives him: I want to keep growing and develop the business so my family can carry on the legacy started by my father in the 1950s.
A wirehouse advisor team managing about $400 million in assets has left UBS to join Snowden Lane Partners, an independent firm.
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Pimco's CEO Douglas Hodge said the firm is expecting and is ready for client redemptions following the departure of co-founder Bill Gross.
Advisors have trusted the "Bond King" for years, but with Bill Gross's abrupt departure from PIMCO, the firm he founded 43 years ago, the playing field has changed. Here's what you need to know before the dust settles.
Two advisors with $80 million in AUM leave Wells Fargo for RBC Wealth Management.
Bill Gross, co-founder and co-chief investment officer of Pimco, will join Janus Capital Group, the company said.
Female executives from U.S. Trust and Goldman Sachs join New York-based Dynasty Financial Partners.
Morgan Stanley lures highly lucrative talent from Merrill Lynch while Washington Wealth Management grabs advisors from RBC and Wells Fargo plucks four from UBS. Here are the most recent moves among wirehouse advisors.
Schorsch makes big changes to the firm's executive team with a new CEO as well as the hiring of longtime LPL exec Bill Dwyer.
Darrel Hackett will be responsible for BMO Financial Group's personal wealth management businesses throughout the United States.
Two former advisors from Fifth Third Private Bank are joining LPL's broker-dealer and custodial platforms as an independent hybrid firm, StreamSong Advisors.
Wells Fargo continues recruiting from UBS, hiring advisors with a combined $410 million in AUM.
A veteran Merrill Lynch advisor with $1.5 million in production joins RBC Wealth Management.
Independent Financial Partners, an LPL firm, tapped a financial services veteran to recruit advisors from the wirehouse channel.
Big banks are still avoiding bank M&A, but the reasons are evolving. Plenty are still looking inward, while others are focusing on buying fee businesses. U.S. Bank CEO Richard Davis says he doesn't want to be burdened with an integration when the economy takes off.
BB&T is back in the business of buying banks for the first time in several years, even though most of its peers think regulators are opposed to big-bank M&A. BB&T's investments in compliance improvements make its executives feel confident about getting new deals done, CEO Kelly King says.
Who will take over the practice when you retire?
A former Stifel advisor joins Janney Montgomery Scott's private client group.
Robert Benmosche, who is stepping down this weekend after five years as CEO of American International Groups chief executive, said he learned in May that he had nine months to a year to live.
Firm switches to LPL to help it attract "overlooked" wirehouse advisors with $250,000 or more in revenues.
HighTower has recruited newly formed 401(k) practice Fiduciary Plan Advisors to its network platform.
Deutsche Bank has hired two executives to oversee technology and operations.
Shane Hiller, who joined Umpqua a year ago to build the bank's high-net-worth business in San Francisco, rejoined his former employer as director and private banker.
A former Merrill Lynch advisor has joined Abbot Downing, a unit of Wells Fargo that serves ultra-wealthy clients.
RBC Wealth Management-U.S. announced Friday that it has recruited Roger Rath from Janney Montgomery Scott as a senior vice president and financial advisor for its Annapolis, Md., office.
A former Morgan Stanley executive with 30 years of experience has signed on with Zieglers wealth management division as its new senior managing director.
Deutsche Bank hired James Dilworth, chief executive officer of Allianz Global Investors Europe, to lead management of active assets.
Baird has appointed a director for its Houston market and has picked up another advisor with $350 million in client assets.
Securities America will acquire assets of a Missouri-based full-service broker-dealer with 368 advisors and $2.4 billion in client assets.
Raymond James has lured away two advisors managing $100 million in client assets from UBS.
Founders of IHT Management hope to create a wirehouse-like alternative to lure other advisors.
J.P. Morgan enticed advisors from competitors, including Morgan Stanley, Merrill Lynch and Wells Fargo, in a half dozen markets to fuel its nationwide expansion of wealth management.
Baird and McAdams Wright Ragen will combine offices in Portland, Ore., following Baird's recent acquisition of the Seattle-based broker-dealer.
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Five years later, Julius Baer's CEO makes his mark, turning Switzerland's third-largest wealth manager into a global business spanning Europe, Latin America, the Middle East and Asia.
American Realty Capital Properties' Nicholas Schorsch will step down as CEO in October and be replaced by President David Kay as part of governance changes at the largest single-tenant landlord.
Mike Quimby will lead a team of more than 30 financial advisors and will help drive growth across the banks central region markets in six states.
Georges Chodron de Courcels resignation after more than 40 years at BNPParibas SA wont soften U.S. demands for a guilty plea and a $10 billion penalty from the French bank for sanctions violations, according to a person familiar with the matter.
The promotion is the latest step in the firms organizational expansion throughout Florida.
The bank has added two senior portfolio managers to its investment management team.
Industry changes mean branch managers risk more but earn less.
Jason Stamm will lead a team of more than 350 investment, trust, private banking and financial planning professionals. He succeeds Mike Ott, who was recently named president of the business nationwide.
Wells Fargo lost four advisors to regional firm Benjamin F. Edwards, but the wirehouse picked up six advisors collectively managing more than $500 million in assets. Meanwhile, UBS recruited a former Merrill advisor with $500 million in assets. Click through our slideshow to see these and all the latest moves, hires and promotions.
Allison Couch's newly created role focuses on sales and distribution strategies across one of the industry's largest broker-dealer networks.
City National Bank hired five wealth management pros in its private client group in Californias central coast region.