Raymond James ended its fiscal year with 228 more advisors than 12 months earlier while Ameriprise was down a net 25.
Minneapolis-based Ameriprise recruits southern Florida advisor with 23 years of experience to its employee channel and 17-year San Francisco broker to its independent arm.
Arbitrator accepts independent broker’s argument that since he merely entered data from other brokers to create a financial plan for a complaining customer he never met, the complaint staining his record should be expunged.
Mike Abrams and his partner joined Ameriprise’s employee channel in Palo Alto on Wednesday with a client associate, ranking as its biggest hire by assets this year, a spokeswoman said.
Although broker took confidential information on a Wells client, he destroyed it and presents “no current threat” that would justify an injunction, judge rules.
Ameriprise broker in Michigan wins dismissal of an earlier TRO granted almost two weeks ago while another Ameriprise broker in Virginia loses to TRO claim from Edward Jones.
At least three former J.P. Morgan, Wells Fargo and Edward Jones brokers who joined Ameriprise in recent weeks are fighting lawsuits aimed at keeping them from calling former clients.
The Minneapolis-based brokerage also recruited a million-dollar producer in Texas and a Georgia advisor overseeing $104 million in its employee channel.
The high-net-worth division of Raymond James nabbed UBS broker who oversaw $110 million of client assets, while a wirehouse veteran in the Midwest who was with Wells for almost 15 years went independent with Ameriprise.