JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
Meanwhile, Fifth Third's RIA arm adds a former billion-dollar BNY trio in Boulder, Colorado, while a hybrid RIA opens a new North Carolina location with a former Raymond James-affiliated team.
The appointment to its investment management arm comes roughly a year after the firm first announced plans to launch its own exchange-traded fund platform.
However, Raymond James has had success recruiting Commonwealth advisors.
Elsewhere, Osaic extended its reach in Knoxville with a former TrustFirst team, while Raymond James scored another win in the war for Commonwealth advisors.
Most firms place a limit on advisors’ sales of alternative investments to clients in the neighborhood of 10% a customer’s net worth.
Those jumping ship include women advisors and breakaways.
Firms announce new recruits including wirehouse breakaways.
Wells Fargo has also added more than $800 million in new AUM with recruitments from UBS, Osaic, and Merrill Lynch.
Wells Fargo, Commonwealth, UBS are the firms losing advisor teams.
The historic summer sitting saw a roughly two-thirds pass rate, with most CFP hopefuls falling in the under-40 age group.
Elsewhere, an advisor formerly with a Commonwealth affiliate firm is launching her own independent practice with an Osaic OSJ.
Cetera's policy advocacy leader explains how gig worker protection proposal might hurt independent financial advisors, and why it's "a complete outlier" in the current legal landscape.
Meanwhile, Osaic secures a new credit union partnership, and Compound Planning crosses another billion-dollar milestone.
James Walesa "should have been barred from the industry years ago," one attorney said.
Meanwhile, Stephens lures a JPMorgan advisor in Louisiana, while Wells Fargo adds two wirehouse veterans from RBC.
Plaintiff's lawyers are eying both broker-dealers for potential client complaints.
FSI, IRI, and NAIFA argue the New Jersey Department of Labor's push to modify the ABC test for independent contractors would burden thousands of financial professionals.
Meanwhile, Ameriprise has lured a 28-year veteran advisor away from Merrill in Pennsylvania, and taken over a bank-based investment program from Osaic in Michigan.
Human guidance still wins over AI alone according to new report.
