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Merrill Lynch, J.P. Morgan Advisors announce 2022 pay grids

One firm made three small changes that could appeal to brokers, while the other company’s overhaul will make it more closely resemble its competitors’ setups. ....

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Robinhood is a top recruiter of advisers, here's why


Robinhood is snapping up financial advisers. Here’s why.
Robinhood plans to double the number of full-time registered reps this year after recruiting 100 advisers from other firms since 2019.
April 27, 2021
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Robinhood Financial is ramping up its financial adviser recruiting activity, entering the top 20 firms among incumbents by snatching up 40 experienced and licensed advisers from competing firms year to date, according to

The majority of Robinhood’s adviser recruits this year came from Fidelity Brokerage Services (35%) and TD Ameritrade Inc. (25%), according to the data. A handful of advisers were recruited from other wirehouses and brokerages, including Charles Schwab & Co., Merrill Lynch, Pierce, Fenner & Smith Inc., Vanguard Marketing Corp. and Morgan Stanley, among others. ....

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