2 Hybrid RIAs Add Wirehouse Reps in California
Plus, Lebenthal Wealth Advisors opens branch in North Dakota energy boomtown.
Wealth Firms Adding Indie, Wirehouse Reps
A number of successful advisors are switching channels and broker-dealers at a quick pace in midsummer.
Raymond James Recruits 3 Wirehouse Teams, $875M in Client Assets
Meanwhile, Morgan Stanley and Merrill Lynch grab advisors from each other in the latest recruiting push.
Raymond James Nabs $2M Wells Team; Securities America Affiliate Adds 2 Advisors
The ex-Wells team moves in Richmond, Va., while the new Arbor Point team transitions in Omaha.
FINRA Bars Ex-Wells Fargo Rep
Michael Frew may have set up a Ponzi scheme involving 30 investors and a man named “Guido.”
How to Tell When Broker-Dealers ‘Jump the Shark’
When BDs lose their rep-centered focus, a steady decline may well follow marked by departing reps. Here are the symptoms and the treatments.
Raymond James Nabs $80M Wells Team in California
Two advisors join the employee channel in Santa Barbara with some $950,000 in yearly fees and commissions.
Raymond James Helps $1.1M Merrill Team Go Indie
Baird adds a branch manager from RBC, and the Retirement Benefits Group welcomes an ex-LPL Financial advisor.
Raymond James Grabs $4.2M Advisors; Morgan Stanley Adds $4.5M Teams
Focus Financial and Advisor Center also share the names of independent advisors they've helped switch affiliation.
Wirehouse Teams Move to HighTower, Raymond James
Meanwhile, Advisor Center helps seven advisors transition to IBDs in its network with about $520 million in assets.