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The recruitment process for financial advisors leaving one firm to join another went fully digital this year, but there were still lots of big-ticket moves across the industry.
UBS hired a team overseeing $9 billion from JPMorgan s private bank, JPMorgan poached teams for its reorganized wealth business, and Wells Fargo in June had its best recruiting month in a decade, by revenue.
Technology introduced snappier recruitment processes for some firms at a moment when many are doubling down on their wealth management segments and the space is rife with consolidation.