Updated Thursday, October 30, 2014 as of 2:58 PM ET
7 Advantages Banks Offer When Recruiting
Top Advisors
Community banks and credit unions need to recognize and tout the distinct advantages they offer advisors as they compete with bigger financial institutions for top talent, says Frank Smith, vice president of Recruitment at LPL Financial Institution Services.
More in Recruiting
AUM drops 31% as more top brass depart, with parent SunTrust filling executive ranks with veterans of the bank. more »
Advisor group Cohen Financial Management has joined Raymond James Financial from J.P. Morgan Securities, where the team generated annual revenues in excess of $4.2 million. more »
Switzerland's biggest bank hired 88 advisors this year to service rich Asian clients after assets at its wealth management business in the region jumped 38% in the past two years. more »
Baird reported record revenues for 2013, and added a former-Wells Fargo advisor as branch manager for its Charleston, S.C. office, marking its twelfth recruitment so far this year. more »
Louisiana-based Summit Financial aims to expand establish itself as a regional power in the Southeast, leveraging its location between New Orleans and Houston. more »
RBC Wealth Management has recruited an advisor specializing in global high-net-worth clients with $2 million in production. more »
Banks and credit unions need to recognize the distinct advantages they offer in the recruiting battle as competition for top talent continues to rise more »
Wells Fargo Advisors Financial Network has picked up advisors with more than $424 million in assets under management. more »
Benjamin Edwards is luring away talent from Wells Fargo, boosting its presence in the Midwest and New England. more »
An advisor team which managed more than $600 million in assets at Merrill Lynch has left the firm to join Morgan Stanley. more »
The ability of advisors to recruit and manage millennials will likely play an important role in the industry's sustainability. more »
Raymond James is recruiting the industry's top talent at the expense of the wirehouses. more »
Janney Montgomery Scott recruited a veteran Merrill Lynch advisor with $1 million in production. more »
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