Shaw and Partners has nabbed a senior Macquarie adviser who leaves after 20 years at the institution.
Sean Conlan will join Shaw and Partners as an adviser in its Melbourne office.
In a communication to advisers seen by Investor Daily's sister publication ifa, Mr Conlan was described as "an excellent adviser" who brings in more than $1 million per year.
"He fits the Shaw and Partners mantra of excellent client service and everyone is really happy to have him on board," the memo said.
ASIC records show at least 14 former Macquarie advisers have joined Shaw and Partners since May.
Anthony Nicholson, who was an adviser at Macquarie since 2009, also joined the Melbourne firm this month. Further, Matthew Boase, David Dall and Michael King all left Macquarie last month to work at Shaw and Partners' Adelaide office.
Beyond Macquarie, Shaw and Partners has also picked up adviser Amanda Graham from Pattersons Securities recently as well as Philip Rassalski from Pulse Markets.
Shaw and Partners head of private wealth Earl Evans said he believes the advisers are attracted to the firm's boutique and non-aligned structure.
"[They were attracted to] the high-end nature of our business and the independent nature of our business. They wanted to maintain their independence and they wanted to come to a high-end boutique rather than a bulge bracket firm," he said.
"We've seen a big shift in clientele, as well, wanting to go to an independent boutique business as opposed to a lot of the bulge bracket firms that are not high-touch."