Broker recruiting wars slowed in second quarter

Reuters scored an interview on July 21 with Wells Fargo’s wealth chief, David Carroll, who said the war in recruiting is easing after many of the largest firms offered lucrative retention packages in the past year. Carroll said on Wednesday that the frenzied pace of broker migration slowed in the second quarter as retention packages offered by rival firms take hold. “Its nailed people to the floor, so to speak,” said Carroll.