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Thrivent Advisor Network Attracts Carolyn Armitage as New Head

Carolyn Armitage, former managing director at M&A consultant Echelon Partners, to lead the independent advisor platform, currently with 180 advisors. ....

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Recent Wirehouse Recruiting Activity May Signify Changes at the Firms

Recent Wirehouse Recruiting Activity May Signify Changes at the Firms
What do the ever-evolving recruiting practices telegraph to advisors about the ideal candidates and overall hiring strategy of the firms?
Much can be learned by observing a firm’s recruiting practices.
Three years ago, when Morgan Stanley and UBS pulled out of the Protocol for Broker Recruiting, it signaled a shift from prioritizing recruiting competitive hires to a focus on organic growth and preventing attrition. However, in the last 12 months, Morgan and UBS have become quite active in recruiting once again with Morgan making it clear they have their sights set on attracting the most productive advisor talent in the industry, bringing in eight billion-dollar plus teams and over $14B in assets in the last year. ....

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J.P. Morgan Offers "Clarification" on Place in Broker Protocol

Wealthmanagement.com, Christine M. Conboy, VP and assistant general counsel at J.P. Morgan, sought to make those internal divisions clearer. She wrote that the bank s participation in the agreement applies only to “registered representatives in the J.P. Morgan Advisors line of business” with the title of “wealth partner” or “wealth advisor.”
“No other divisions, businesses or employees of JPMS or its corporate affiliates or parents are covered by the Protocol,” the letter read. “That means that registered representatives working in Chase Wealth Management, JPMorgan Private Bank, or JPMorgan Chase & Co. are not covered by the Protocol.”
The letter comes several weeks after the company filed several complaints in federal court against former branch-based advisors allegedly soliciting clients. It s not clear the clarification letter is in reaction to those cases. ....

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J.P. Morgan Claims Former Advisor Solicited Past Clients

J.P. Morgan Claims Former Advisor Solicited Past Clients
wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.

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Thrivent Creates New Channel for Remote-Only Advisors

Thrivent Creates New Channel for Remote-Only Advisors
Thrivent also promoted Luke Winskowski, current head of Thrivent Advisor Network, to lead the group s new advice and wealth management division.
Thrivent, the Midwest-based not-for-profit financial services organization founded by Lutherans, has launched a new advice and wealth management division as part of its effort to recast itself as an advice-driven company; the firm has tapped Luke Winskowski, head of the firm’s hybrid independent advisor platform, Thrivent Advisor Network, to lead it.
As part of the reorganization, Nikki Sorum will be responsible for Thrivent’s 2,700 legacy advisors that operate under its insurance broker/dealer, now known as Thrivent Advisors. She was previously senior vice president of membership and held several field and marketing roles at Thrivent. ....

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