Wells Fargo sought $76,152 from a former broker, but in the end was ordered to pay the adviser more than 10 times that amountBy Mason BraswellFeb 28, 2014 @ 12:28 pm Updated 2:55 pm ESTPrintE-mailOrder Reprints4Shares Wells Fargo & Co. got more than it bargained for when it went after a former broker for not paying back his upfront bonus.A three-person Finra arbitration panel denied Wells Fargo’s claim for the remaining balance of $76,152 and instead ordered the firm to pay the adviser, Michael Hawkes, $925,000 in compensatory damages and attorneys’ fees.

via Ex-Wells Fargo adviser wins nearly $1 million in promissory note quarrel.

Robertson Stephens Asset Management is a private and independent wealth management RIA, launched in mid-2013. Once one of the most well reputed boutique wealth management firms in the world, sold to Bank of America in 1997, “Robbie Stephens” has been rebuilt by the original management team headed by Joseph Piazza. Piazza’s goal is to recreate the culture of a closely-held boutique serving clients in the $10 million to $100 million range.

via The New, New Independence | Client Relations content from WealthManagement.com.

Forget the gossip by the water cooler. Furtive phone calls are so 2013. From now on, when you’re wondering about another advisor’s recruiting deal, you’ll be able to look it up, courtesy of AdvisorHUB.“We’re bringing access and transparency to the financial advisor recruiting process,” says Andrew Parish, CEO of Columbus, Ohio-based AdvisorHUB. There are two arrows in the AdvisorHub quiver. One is a website, advisorhubinc.com, which is free to the public. For $9.99 a month, financial advisors can see additional material such as an interactive map to view the locations of available positions.

via New App, Site Provide Details on Advisor Recruiting Deals | On Wall Street.