Eddie Welch, who will take over the company's WM business, was the co-founder and CEO of Alabama-based RIA Welch Hornsby, which was added to Captrust last October.
Over the next five years, JPMorgan will partner with various historically black colleges and universities to offer students resources and information about careers in wealth management.
The Morgan Stanley–recommended law firm that represented the transitioning advisors told them their nonsolicit agreements with Schwab were unenforceable, according to their lawsuit against the lawyers.