The Practice: Staffing and recruiting

Captrust Acquires $1.5 Billion Advisory Business

October 11, 2019No Comments

The transaction adds 15 people and $1.5 billion in client assets to Captrust.

No Cold Feet: Why Finance Pros Favor Flashy Socks

October 11, 2019No Comments

Power dressers in the finance world often find their individual expression in an unlikely place — the sock drawer. FA-IQ’s sister publication Ignites went high and low to talk sock at the Morningstar Investment Conference earlier this year. Here’s why flashy is the employee sock option for the fund industry.

Ex-Morgan Stanley Advisor Barred After Insider Trading Conviction

October 11, 2019No Comments

Last year the man pleaded guilty to conspiracy to commit securities fraud.

Financial Times Reveals Top Retirement Plan Advisors for 2019

October 10, 2019No Comments

Rising financial markets, organic growth and industry consolidation help buoy client assets.

Securities America Nabs Arkansas FAs From This Rival

October 10, 2019No Comments

The team managed nearly $160 million in client assets.

Finra Suspends and Fines Ex-LPL Broker for Undisclosed Nutritional Supplement Business

October 10, 2019No Comments

He allegedly violated Finra rules when he didn’t give LPL prior written notice of his outside business activity.

Merrill Lynch Broker Barred for Actions Related to Personal Bank Accounts

October 10, 2019No Comments

The rep refused to appear for testimony at a Finra hearing.

Wells Fargo Loses $152 Million FA to This Rival

October 9, 2019No Comments

The advisor has joined Ameriprise’s employee channel in Dayton, Ohio.

Merrill Lynch Steps Up Trainee Recruitment and Raises Their Pay $10K

October 9, 2019No Comments

The wirehouse has brought on 1,700 trainees this year already, compared to just 100 from the same period last year.

Ex-Schwab Advisor Barred After Claims of Series 7 Cheating

October 8, 2019No Comments

The man allegedly consulted a study guide he placed in his locker and then changed some of his answers.