Regions Bank is building its new brokerage unit almost as fast as Chinese real estate developers are putting up skyscrapers. Since it began building the unit earlier this year, the Birmingham, Ala.-based bank already has hired 102 financial consultants and is aiming for 125 by year-end. Its ultimate goal is to build an advisor force of 160 to 170 by the end of 2014.
Our recruiting is a good bit ahead of pace, said Jim Nonnengard, head of Regions Investment Services, one of four divisions that make up the Regions Wealth Management Group.
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