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.
Our Top 50 list isn't just a consideration of who has the highest assets under management. Instead, we strive to show the well-rounded advisors who excel in all aspects of the job.
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.
What questions are advisors not asking when buying a firm?
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.
Here are some smart ways to avoid the stress of juggling multiple responsibilities in your practice.
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.
For clients, is one type of firm, business model or fee structure better than another?
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.
Ben Pace, Deutsche Bank AGs chief investment officer for wealth management in the Americas, is leaving, according to two people with knowledge of the matter.
Formerly affiliated with MassMutual Financial Group, Joe Esposito and Keith Kiker will bring more than $150 million in client assets to Commonwealth.
UBS and Morgan Stanley shook up their executive ranks, while Morgan lost several advisors managing more than $700 million in assets to Wells Fargo, Raymond James and independent firm Steward Partners. Click through our slideshow to read about the latest moves, recruitments and promotions.
When financial planners launch a firm, success hinges on knowing how to run a business.
Two Merrill Lynch veterans who generated about $1.6 million have left the wirehouse for Raymond James & Associates.
UBS is shaking up its wealth management executive ranks, bringing in Paul Hatch as group managing director, in a move that the brass says will better serve advisors and clients.
In cases heard by an SEC administrative law judge or a FINRA hearing panel, a study finds, 46.7% of broker-dealers, advisors and registered reps succeeded in getting charges dismissed or lowering the sanctions imposed.
Whether you're selling right now or next decade, there are many ways to make any solo practice appeal to buyers.
Morgan Stanley has lost two advisor teams that managed more than $400 million in assets.
Morgan Stanley is reshaping its executive ranks, appointing new heads for its private wealth management business and capital markets.
A new RIA in North Carolina formed by three recently departed wirehouse advisors has chosen to affiliate with Raymond James' custodian group.
Morgan Stanley, the top-ranked merger adviser so far this year, hired Barclays' Brad Whitman for its financial institutions banking group.
Executive pay packages have long been structured to reflect performance. But one key task that often gets short shrift from bank directors and CEOs is succession planning. Now pressure is mounting for that to change.
Despite a commitment by Schorsch to keep top executives, Roth, the former Advisor Group CEO, will head the new management team.
Market Street will hardly be the only new kid on the block fighting for market share in New York.
Kevin Keefe replaces Adam Antoniades as RCS boss shuffles executives for the first time since buying five IBDs.
FINRA's broad brush strokes smear good advisors as well as the bad ones. Here are five ways that the regulator, and the industry in general, tars those advisors who uphold the law and act responsibly with the same brush.
Donald Runkle, who spent nearly 11 years as Raymond James Financial Services' chief compliance officer, resigned; the firm provided no explanation for the departure.
Hugh "Skip" McGee isn't just the head of a British bank's Americas division. He is one of its most lavishly paid officials and the only former Lehman Brothers Holdings Inc. alumnus on the executive committee.
Barclays said Hugh "Skip" McGee will step down as chief executive officer of its Americas unit, almost six years after the British bank bought the operation from the bankrupt Lehman Brothers Holdings.
The newly named exec is responsible for relationship management and business development for personal trust, investment management, and private banking in the New York area, Northern New Jersey and Boston.
The new director fills the last of three critical positions in the build-out of the Waterbury, Conn.-based private bank.
UBS is expanding its wealth management business in Asia and emerging markets by hiring client advisors, Juerg Zeltner, who heads the division globally excluding the U.S. and Canada, said in an interview.
After announcing growth plans earlier in the year, Advisor Group has taken the next step: hiring a new executive vice president of recruiting and acquisition strategy.
AUM drops 31% as more top brass depart, with parent SunTrust filling executive ranks with veterans of the bank.
E.J. Burke, one of the two new co-presidents of the Community Bank, will be responsible for Key Private Bank as well as Keys commercial and business banking segments.
Advisors, even top producers, get fired more often than you think. Recruiter Danny Sarch explains the pitfalls to avoid.
Wells Fargo is adding Bob Vorlop and Joe Nadreau to its executive, according to Mary Mack, president of Wells Fargo Advisors.
The bank's Private Client Reserve unit hired new wealth management professionals in Washington State, Denver, Kansas City and Naples, Fla.
Unity Bank, a subsidiary of Unity Bancorp, has opened a new division that will offer a wide range of investment products and services aimed at helping customers to grow and preserve wealth.
Executives today dont want a higher position so much as a broader position," says Kathy Freeman. "They want to be stretched and challenged, and they want an opportunity to grow."
AdvisorGroup announced Monday that Rick Fergesen has been named as president and CEO of one of its four independent broker-dealers.
Firms devote too few resources to training and are too impatient with new advisors, says one industry recruiter.
Executives at Webster Financial, Independent Bank and People's United agree that their retail operations have to change -- but the consensus stops there. Some are adding branches, some are cutting them, and they are all using new technologies in different ways.
That makes for two big recruits in two days. A day after announcing the addition of a $1 million team from Wells Fargo, the firm has landed a second million-dollar team.
Pimco's Mohamed El-Erian clashed with co-founder Bill Gross before announcing last month that he's leaving the firm, the Wall Street Journal reported.
Fidelity Investments, the mutual- fund firm best known for its star stock pickers since it was started almost seven decades ago, named former bond manager Charles Morrison to run its asset-management unit.
U.S. Bank hires senior executive away from PNC to help lead its Private Client Reserve unit in Florida.
Cambridge's Amy Webber says promotion is next step in complex internal succession plan.
Three of the new hires joined the firm's family office services group.
The BAM Alliance, a community of more than 140 independent wealth management firms across the U.S., has added nationally-known financial author and blogger Tim Mauer as its director of personal finance.
American College of Financial Services taps a Wells Fargo Advisors executive as chairwoman of its board of trustees.
The path from administrative assistant to bank advisor is just part of Annette Martins story. Here, we offer more on her shift to fee business, including when not to do it.
Seeing people come up short with the money needed for a retirement home was sad for one administrative assistant. In her new career she helps such people and produces more than $1 million a year doing it.
With FINRA likely to impose some kind of compensation disclosure rule this year, advisors need to think about how best to explain how they get paid to their clients.
Pimco named four deputy chief investment officers in an overhaul of its leadership team after Mohamed El-Erian's decision last week to step down as chief executive officer.
A UBS team of advisors with a billion dollars under management has left the Swiss bank to form IFM Capital Advisors, an independent registered investment advisor, with the aid of Focus Financial Partners.
Raymond James & Associates' branch manager of the year has grown his complex's annual revenue to $32 million from $4 million and boosted client assets to $5 billion.
UBS has added a team of six former Morgan Stanley advisors to its office in Atlanta.
Pimco's Bill Gross said the firm plans to appoint more investment deputies in the coming weeks after the departure of Mohamed El-Erian.
The firm is expanding its operations, pulling talent from RBC Wealth Management and Wells Fargo Advisors.