Updated Sunday, March 29, 2015 as of 9:43 AM ET
Bank Advisors on the Move
Which banks are advisors moving to? Ten recently switched to BNY Mellon, Bremer Bank, Regions Bank, U.S. Bank and Bank of America's U.S. Trust.
More in Recruiting
A wirehouse advisor team managing about $400 million in assets has left UBS to join Snowden Lane Partners, an independent firm. more »
Four Wells Fargo advisors have left the wirehouse to join Benjamin Edwards, opening the regional broker-dealer's 49th office. more »
Fidelity is urging firms to "tone down" sales aspects of planning jobs when trying to recruit new Gen Y advisors, raising the hackles of at least one fiduciary expert. more »
Two advisors with $80 million in AUM leave Wells Fargo for RBC Wealth Management. more »
The industry is losing about 3,000 to 4,000 advisors annually who aren’t being replaced, says Pershing CEO Mark Tibergien. more »
Intended to help new planners jumpstart their careers, the career site is set to launch in January and will be sponsored by Fidelity. more »
As competition for talent increases, the best way for RIA firms to hold onto top-tier employees is to make it worth their while. Schwab's 2014 RIA Benchmarking Study highlights three major steps toward building a good compensation plan. more »
Two former advisors from Fifth Third Private Bank are joining LPL's broker-dealer and custodial platforms as an independent hybrid firm, StreamSong Advisors. more »
Morgan Stanley hired a team with $4.5 billion in AUM – the second multi-billion-dollar team plucked from Merrill Lynch this month. more »
Washington Wealth crests $1 billion in AUM by adding Martucci Adams Wealth Advisors of Salt Lake City. more »
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. more »
Independent Financial Partners, an LPL firm, tapped a financial services veteran to recruit advisors from the wirehouse channel. more »
Janney Montgomery Scott replaces wealth management products chief David Penn, as he steps down to become a financial advisor. more »
The March Issue is now online!


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