Under the new rule, firms onboarding clients of a recently recruited advisor must disclose to investors whether the recruitment bonus or other compensation received by the advisor creates a conflict of interest. Further, the information must also outline any costs associated with transferring client accounts to the new firm and the potential differences in products and services offered at the new b/d.

Source: FINRA Seeks to Mitigate Broker Recruitment Conflicts

Advisor Ed Lancaster and his sons, Mike and Dave, joined Raymond James in Cypress, Texas, a suburb of Houston.The team managed more than $160 million in client assets, according to Raymond James.

Source: Raymond James Grabs $1.5M Team From LPL | IAG Breaking News

Three other recruits went over to the independent side at Ameriprise. Former Raymond James advisor Scott Husnick of Amery, Wis., oversaw $143 million in client assets prior to making the move, according to Ameriprise’s spokesman. Buzz Minton, formerly with LPL and based in Altoona, also in Wisconsin, had $72 million, the spokesman said.

Source: Advisors With $415M Combined AUM Join Ameriprise | IAG Breaking News