Steve Bender leaves his former complex in North Carolina to oversee 15 western Pennsylvania advisors at Stifel, while RBC hires Timothy Woods in Des Moines after his 11 years with UBS.
Regulators should require all industry members to join the Protocol for Broker Recruiting.
Mary Sumners, 25-year veteran of Dain/RBC, takes reins of Wells Advisors’ northern region in Minneapolis, sources said.
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.