"It should be literally impossible for a broker to put 96% of a client's money in any investment," said one attorney.
Meanwhile, Raymond James bolsters its employee advisor channel with a former Janney pair in Pennsylvania.
The latest defections from CUSO Financial Services, which operates within LPL, add nearly $500 million in client assets to Osaic's institutional platform.
The campaign series features "Pitch Perfect" film star Anna Kendrick delivering the message, "What if you could?"
But that doesn't mean the contentiousness between the two is over.
The firms expect their newest C-level hires, one coming from Morningstar and the other with experience from Morgan Stanley and Stifel, to help drive their respective growth efforts.
Wells Fargo's latest arrivals, including a seasoned veteran from UBS and Morgan Stanley, strengthen its presence in Ohio and New Jersey.
The giant broker-dealer network and Jim Nagengast, the former CEO of one of its biggest firms, are duking it out in public over compensation.
As other states curb non-competes, the East Coast growth hub could soon become the most employer-friendly jurisdiction in the US.
Last summer, the two, David Gentile and Jeff Schneider, were found guilty of fraud in federal court in Brooklyn and received their sentencing today.
Elsewhere, Raymond James adds two advisors from Edward Jones and LPL, forming an LGBTQ+ focused practice in New Hampshire.
Led by its CEO, LPL is engaging in what sounds like a charm offensive with some Commonwealth advisors.
Recruited assets, organic growth both powered ahead.
The firm has been dogged by compliance issues for years, resulting in multiple fines by various regulatory bodies.
Elsewhere, Wells Fargo also recently announced several new hires from Cetera, Merrill Lynch, and JPMorgan.
The leadership changes are happening just as the firm forges a strategic partnership with AI notetaking leader Jump.
Fund flows - meaning sales of products - in March were “surprisingly resilient.”
The broker-dealer giant is adding best-in-class software to its tech stack amid increased demand for sophisticated planning solutions.
The independent B-D giant is burnishing its appeal to independent advisors with a new offer to take minority stakes in qualified practices.
Wall Street breakaways bolster Americana's reach in Houston as a 10-advisor ensemble in New Jersey make their move to LPL.
