Broker who moved with two Scottsdale teammates in late September rejoined his former firm after five weeks.
Faces class-action trial over Passport Account fees in April, but was indemnified $20 million by former parent of Morgan Keegan for short-selling settlement.
Saginaw advisor managing $139 million in client assets goes independent with Ameriprise while another Michigander with $54 million of AUM joins Stifel.
Merrill teams in Virginia and NYC join independent firms while Stifel group with $180 million of assets affiliates with Ron Carson’s Cetera-based network of firms.
A South Carolina broker who ranked in Forbes’ Top Woman Advisor poll this year was among several let go for alleged UIT sales violations.
Revenue generated by the Florida-based firm’s burgeoning brokerage force rose 12% last quarter, but rising legal and compensation costs contributed to an 8% decline in pretax profit at its wealth division.
A duo managing $190 million in West Palm Beach and an associate complex manager in Aventura bolt for the Florida-based broker-dealer’s employee channel.
Industry veteran of 41 years says he had been frustrated by declining access to syndicate business.
After payout cuts last year, firm tells its approximately 3,100 employee-brokers that it won’t rock the boat in the upcoming compensation plan.
Charlie Eldemire leaves RBC in Houston to run his hometown Dallas RayJay branch, while Cathy Galgano shifts from Chicago suburb to run MS complex on Park Avenue.