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.
Broker who was generating around $6 million in annual revenue reportedly stumbled over an unreported effort to help an associate buy a car.
Industry veteran of 41 years says he had been frustrated by declining access to syndicate business.
Ruling gives brokers early-stage victory in likely long-running non-solicitation battle, lawyer says.
Brokers say their former employer’s rush for a courtroom restraint order is premature and posits an emergency that is nothing more than a litigation ploy.
Filing revives an aggressive legal stance the firm had taken after its withdrawal from the Protocol for Broker Recruiting.
Six-broker group in Illinois is the second big team to jump to a regional firm in two weeks.
Michigan broker who had spent 36 years at Wells and predecessor firms says small-account policies and red tape prompted him and his partner to look elsewhere.
Read Ron Kruszewski’s Letter to the SEC
$2-million West Coast team joins Stifel, Charlotte advisor working with $150 million of client money goes to Baird, California A.G. veterans sign up with RayJay, and manager who had worked in Tennessee hangs up his spurs.
Firm is latest to unwind DOL changes as it pads bonuses with an additional 25% to 75% for transitioning client assets.