In the high stakes world of financial advisor recruiting, hiring or losing advisors with large assets under management can make a brokerage executive’s day—or spoil it. How then to classify JPMorgan Chase’s losses on Friday, April 19?
You can start with the numbers: Six teams managing nearly $15 billion in total assets quit JPMorgan’s brokerage unit to join competitors. Recruiters say it was among the largest set of departures from a single firm in a single day. “That’s the worst I’ve ever seen,” says Roger Gershman, a recruiter…
