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“Million dollar producer and recent Stifel recruit Larry Watts said “the wirehouses are too big to care.”

Top stories from around the web.
Schwab CEO Exults Over ACATS, Robos and Recruiting

When it comes to the “most important measurement of competitive standing,” Schwab is thriving, Bettinger tells investors.
Two Big Texas Teams Stick with Morgan Name, But Leave JPM for M Stanley

Team in Dallas produce around $3.6 million, pair in Houston about $1.4 million.
Pair of Deutsche Bank Brokers Jump to Wells Fargo on Eve of RayJay Deal

Departure comes as Raymond James reports higher-than-expected costs for absorbing Deutsche’s U.S. brokerage unit.
Stock Markets This Week: The Fed, Earnings and Politics to Dominate

There are a lot of events to keep an eye on as we see whether the market can hit its fifth straight positive week.

Top stories of the week.
Firms Can’t Force Brokers Into Private Arbitration, Finra Warns

Regulator reasserts its authority to oversee industry disputes.





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Recruiting Wire

Latest Advisor Moves. View full list and rankings

Name New Firm AUM
James Martin & Brad Seagraves Wells Fargo Finet $101M
Robert Duncan, Bradley Newman & Zachary Breverman Wells Fargo Finet $400M
Mark Southwell & Bill Martin Raymond James $180M
Robert Moore, Jonathan Bassham, Jon Piorkowski & Matthew Smith Morgan Stanley $800M
Keith Barberis Steward Partners $100M