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.
Merrill Grabs 3 Reps as Raymond James, LPL Each Add 2 Advisors
Meanwhile, Baird picks up a veteran financial advisor in Denver, who previously was with Charles Schwab.
Raymond James Grabs 3 Reps From Rivals
The new advisors join different channels with a total of $1 billion in assets and more than $2 million in yearly fees and commissions.
New Hire Roundup: IMCA Names Whiting National Sales Director
John Carter of Nationwide was named IRI board chairman, and Tom Petrone became director of capital markets at Dynasty Financial Partners.
Raymond James Rolls Out Tool for Discretionary Trading
The FolioDynamix technology works in conjunction with the firm's proprietary research and can be used for modeling, rebalancing and trading.
Fighting for His Clients
Christopher L. Walker started out as a transactional wirehouse broker making a whopping 400 daily dials. Yet inside this conscientious cold-caller was a consultative, relationship-oriented advisor yearning to break free.