Independent advisory firms, broker-dealers, and regionals that were hiring steadily from wirehouses have the most to lose if the big firms protect their flanks through litigation.
First Republic lures longtime brokerage team of Jeff Sherman and Art Karabelas, who have worked together at Lehman and JPM, and points in between, for about two decades.
As part of broader industry effort to remedy dramatic gender imbalances among their brokerage force, firm creates new measurement tools to motivate training and leadership development for women.
Pair of brokers were managing $600 million of customer assets.
Team who had been with the Swiss bank’s private wealth group for 11 years accept offer from rapidly expanding bank.
Wirehouses continue their rush to hire veterans from rivals before their self-imposed recruiting freezes take effect.
New Jersey group with four advisors and $628 million in assets moves to cross-town rival.
Wells Fargo grabs opportunity to replenish its experienced-advisor force by offering all-in bonuses approaching three times trailing 12-month revenue.
Biggest brokerage firm follows leads of rivals Merrill Lynch and UBS in pulling back on hiring veteran producers, says money can be better spent.
Hires Boston team with $5.5 million of production from Morgan Stanley a week after picking off a New York City branch manager from the firm and a month after hiring a veteran Merrill broker.