Dynamic Wealth Management:UBS snags slew of advisers in slow recruitment year

Emerging firms in the industry were involved in some of the largest adviser moves in the last year. Advisory firm CapTrust Financial Advisors hauled in the biggest catch when it recruited John Pickett and two associates from RBC Wealth Management last June. Mr. Pickett managed $8.5 billion in assets at RBC. CapTrust also opened a Des Moines, Iowa, office last December after it brought in a four-person advisory team from Holmes Murphy & Associates that manages $1 billion in assets.