'The bank is trying to keep advisors who would have left anyway and keep revenue in house,' one recruiter notes.
The firm raised its full-year guidance again as it continues to benefit from higher interest rates.
The Fresno, California-based pair of advisors make the 50th team to join LPL’s Linsco channel.
Matt Burton will join the firm’s Indianapolis office.
The teams, both in Philadelphia, collectively manage $1.7 billion in assets.
With more allocation tools at their disposals, advisors are focusing on planning and growing their businesses, Fuse finds.
'It's a tug of war. The firms want to keep more revenue, and the financial advisors want to do the same,' an industry recruiter says.
Leawood, Kansas-based Total Wealth Management has seven staffers.
The firm plans to convert the roughly 400,000 square feet of space into offices.
The asset manager is appealing its conviction for helping wealthy clients with cross-border cash moves.
Guy Metcalf has been with the Wall Street firm for 33 years.
The five advisors will operate as Meyer Rotolo Wealth Management.
The Wall Street firm wants a bigger slice of the wealth management pie.
Nides, former U.S. ambassador to Israel, has moved back and forth between Washington and Wall Street for years, including two stints at Morgan Stanley.
But big banks can fall flat when it comes to building a home for financial advisors.
'We really hit a wall at the end of July, and that's when the market really put in its year-to-date highs,' says Lisa Shalett.
Marin County, California-based Brian Wells has 25 years of experience.
Aaron Cizon is launching Cizon Group Wealth Management in Greenville, South Carolina.
Diversified revenue streams and Credit Suisse integration are key components.
The disputed deal involved a loan to Miami-based Brightline Holdings, which is developing a high-speed rail line between Los Angeles and Las Vegas.
