Also, LPL has scooped a second-generation high-net-worth practice from Osaic, while Ameriprise welcomes a father-son team from Edward Jones to its financial institutions group.
AI tools are highly complex and may be flawed, hallucinate and reflect biases, according to Merrill.
Also, a Rhode Island-based UBS team hops to another wirehouse, and another LPL veteran has defected to Cetera in Connecticut.
The move adds an 11-person ensemble to Wells Fargo’s independent network in Long Island as it continues to court elite advisory teams.
McKinsey estimates a shortage of about 100,000 advisors by 2034, so what are firms doing about it?
The latest additions in Texas cap off what was an active 2025 recruitment season for Wells Fargo's private client group.
The latest advisors jumping to the wirehouse's traditional brokerage and FiNet channels include defectors from Edward Jones, Ameriprise, and UBS.
She says she filed her complaint on July 16 and was terminated two weeks later
Combs’ move to the banking giant's new Security and Resiliency Initiative reshapes leadership at Berkshire Hathaway as Warren Buffett's retirement draws near.
Cetera also extended its 2025 Commonwealth recruitment streak, while Citizens Private Wealth stepped into the retirement planning space with a 401(k)-focused advisory team.
“I’m still skeptical about cryptocurrency and Bitcoin,” said one senior industry executive. “What’s underlying it?”
The biggest team move to Wells Fargo Advisors this year highlights its efforts to court large ensembles, as well as UBS's continuing issues with advisor retention.
The move to give Mary Callahan Erdoes a board seat comes amid accusations that the Wall Street giant enabled the deceased financier's sex trafficking operation.
Seasoned veterans positioned to drive growth in increasingly competitive industry.
Firm's senior investment leaders have been speaking at a roundtable.
Elsewhere, Indianapolis-headquartered indie Sapient Capital nabbed a $1 billion JPMorgan advisor in a recruitment first, while another duo also left the wirehouse to join Wells Fargo.
The Munster Freeman Group has joined the wirehouse in California, following another billion-dollar team's departure from Merrill Lynch last month.
Former $6B managing directors Cleary and Devine's two-decade partnership drives 71 West Capital Partners.
Merrill has also nabbed a Morgan Stanley team in Georgia, while Raymond James lured multiple breakaway teams to its employee advisor channel.
Janney has also made its Texas debut with an ex-RBC advisor group, while UBS hires an experienced advisor from Morgan Stanley.
