Phil Fiore Jr. was part of an $8 billion team and was selected by Barron's as a top adviser in Connecticut in 2015. <i><b>(More: <a href="//www.investmentnews.com/article/20161221/FREE/161229983/former-registered-representative-in-texas-arrested-for-internet"" target=""_blank"" rel="noopener noreferrer"> Former registered representative in Texas arrested for internet Ponzi scheme</a>)</i></b>
The Denver area practice will operate as First Avenue Wealth Partners.
The hires come as Raymond James gained the most assets under management through adviser recruitment of any financial firm in the third quarter.
Both former brokers settled and refused to testify.
Finra settlement also includes $780,000 in restitution to 22 clients who borrowed against their accounts to invest in Puerto Rico securities. <b><i>(More: <a href="http://www.investmentnews.com/article/20161003/FREE/161009993/massachusetts-charges-morgan-stanley-over-unethical-sales-contest""" target=""_blank"" rel="noopener noreferrer">Massachusetts charges Morgan Stanley over unethical sales contest</a>)</b></i>
During one nine-month period, the firm failed to deliver close to 2.1 million prospectuses to online customers because of a missing hyperlink.
Wirehouse says Sandy Galuppo, who reportedly had $1.4 billion in client assets, had lost management's confidence.
Broker-dealer says the additions are part of a continued expansion of their presence in the North and Northwest.
The wirehouse, whose platform will be available next year, joins other big firms jumping into digital advice. <b><i>(More: <a href="//www.investmentnews.com/article/20160524/FREE/160529970/sigfig-raises-40-million-in-funding-led-by-eaton-vance-asserting"" target=""_blank"" rel="noopener noreferrer">SigFig raises $40 million in funding led by Eaton Vance</a>)</b></i>
Chris and Brian Cooke partner with the 108-year-old firm for strategic expansion.
Twenty-four teams left in third quarter on top of 26 in second quarter. <b><i>(More: <a href="http://data.investmentnews.com/aotm" target="_blank">See all the latest moves in InvestmentNews' Advisers on the Move database</a>)</i></b>
Nearly a third now say the rule can help expand their business, up from 17% in January. <b><i>(More: <a href="//www.investmentnews.com/section/fiduciary-faq"" target=""_blank"" rel="noopener noreferrer">A comprehensive, searchable database of advisers' fiduciary FAQs</a>)</i></b>
Regulator is using advanced data analytics to find the bad seeds who can undermine a firm's culture and foster 'good people making bad decisions,' the Finra chief says.
The Thrush Group will be the 10th transition to HighTower this year.
Tim Sloan will succeed Stump as the bank's chief executive
Those who excel should be paid better, allowed to thrive and grow, in an aspirational, transparent way that will be admired by peers, competitors, shareholders and regulators.
Move could pressure other wirehouses to follow suit and lead to adviser attrition. <b>Plus, <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">Find answers to all of the most frequently asked questions on DOL fiduciary rule</a>.</b>
Current CEO John Thiel (right) will step down on Jan. 1. <b><i>(Related read: <a href="http://www.investmentnews.com/article/20150408/FREE/150409924/merrill-lynchs-john-thiel-urges-colleagues-to-work-with-dol-on" target="_blank">Merrill Lynch's John Thiel urges colleagues to work with DOL on fiduciary rule</a>)</b></i>
The wirehouse is the first major firm to announce concrete plans for compliance with the Labor Department regulation.
Michael Dechiario, Thomas Charmley, Thomas Soden, Dean Vetsikas and Stacey Robinson joined the firm Monday.
