The newest transitioners bolster LPL and Wells Fargo's talent pool in Texas and North Carolina, respectively.
Two-thirds of direct indexing users expect to ramp up adoption, particularly in the high-net-worth space, though many still face operational barriers.
Meanwhile, Raymond James bolsters its employee advisor channel with a former Janney pair in Pennsylvania.
Wall Street giant avoids penalties as regulator ends yearlong review of interest treatment on idle client cash.
Elsewhere, Wells Fargo also recently announced several new hires from Cetera, Merrill Lynch, and JPMorgan.
Also, Merill Lynch scores a billion-dollar recruitment win in New York with a sports-focused advisor defecting from UBS.
Toward the end of last year, UBS said it was redrawing its pay plan for advisors, but "every time one of the big firms like UBS tinkers with the advisors' compensation, some of them say, that's it, that’s the last straw," recruiter Danny Sarch said.
The Merrill Lynch defectors expand RBC's reach in Texas while LPL bolsters its New York presence.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
RBC and Rockefeller strengthened their East Coast presence, including a $5 billion defection from JPMorgan, as Merrill welcomes a top-caliber advisor in California.
Bleakley announces a double addition from Northwestern Mutual while RBC takes in an experienced advisor from US Bank.
Industry research report unpacks trends in advisor channel movement, declines at wirehouse firms, and momentum building towards RIA affiliations.
The Wall Street giant's newest alts offering, launched under a "G-Series" branding, builds on a broader trend of investment firms looking to expand alts access to the masses.
Farhad Firoozi is the latest in a long line of senior executives Wells Fargo Advisors has hired from rivals.
Can employees sue over what they perceive as mismanagement of pharmacy benefits?
The financial advice industry has waited for years to see if the wirehouse would embrace RIAs.
The firms' latest additions in Florida and Nevada come as a strategic change at UBS raises risk of advisor defections.
Banking giant stresses commitment to merit-based hiring, compensation, and promotion as anti-DEI orders from Trump reverberate across federal agencies and corporations.
Toward the end of last year, UBS said it was redrawing its pay plan for advisors.
The banking giant is undertaking a tech revamp as it addresses longstanding concerns around data risk management.
