Updated Friday, November 28, 2014 as of 9:17 PM ET
Dear Old-School Advisor: Change Your Ways, or Lose Our Business
Millennials represent $1.5 trillion in purchasing power and they want things the way they want them—if you want their business, you have to change, not them.
More in Recruiting
Most of the new arrivals are employees of larger financial service companies, said president Scott Curtis, and about 25% are already independents. more »
The firm lures three separate teams who manage a total of more than $500 million in client assets. more »
UBS grabbed a former Merrill Lynch advisor who managed $500 million in client assets. more »
Benjamin F. Edwards snapped up four advisors from Wells Fargo and opened a new office in Pensacola, Fla. more »
Two Merrill Lynch veterans who generated about $1.6 million have left the wirehouse for Raymond James & Associates. more »
Morgan Stanley has lost two advisor teams that managed more than $400 million in assets. more »
Emboldened by a newfound sense of what their investment programs offer, more banks are turning to wirehouses for recruits. more »
Raymond James has recruited a veteran advisor from Morgan Stanley where he managed more than $360 million. more »
Stifel, Nicolaus & Company picked up two wirehouse teams that managed more than $1 billion in combined AUM, boosting the St. Louis-based firm's presence in the Carolinas to 18 offices from 15. more »
A former Morgan Stanley advisor team that managed $600 million in assets has left the wirehouse to join forces with HighTower. more »
Former wirehouse complex manager Tony Sirianni launches Sirianni Strategy Group, a consulting and marketing firm, to help independent firms attract wirehouse advisors. more »
Advisors demanded that the group help 'draw a line' between financial planners and salespeople, and help them solve other challenges. more »
Two former wirehouse advisors that managed more than $80 million in client assets have left Wells Fargo to join Raymond James & Associates, the firm's traditional employee/broker-dealer. more »
The November Issue is now online!


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