Matt Grossman, who has worked at Merrill for 28 years, will supervise 200 brokers and advisers at the firm's Fifth Avenue office .
Wells is helping brokers transition to independence within the firm, while Morgan is taking them to court.
Raymond James' recruiting up 5.7%, while Ameriprise gains 2.3%
If advisers commit to staying at FiNet for a two-to-three year period, they will not have to pay Wells the fees it currently charges advisers switching channels.
Firm to merge U.S., global wealth management units on Feb. 1
The firm said it lost 47 brokers in the fourth quarter, the most in any quarter of 2017.
Questions remain about long-term effectiveness of wirehouse's move away from recruiting experienced brokers.
Racquel Oden to oversee branch and wealth management teams for tri-state area.
Policy tailwinds and economic drivers appear poised to give a shot to the earnings of smaller, mid-cap brokers and electronic trading firms, Nomura's Steven Chubak says.
