Recent industry movement and recruitment activity.
Three brokers who collectively spent half a century at UBS and last year produced $9 million, have leveraged financing from a private equity firm and from Fidelity Investments to start their new firm.
Industry moves continue for firms that remain a part of the Protocol for Broker Recruiting.
Tom Thives, who had been with Wells Advisors and legacy firms for 23 years, will oversee some 40 brokers in Florham Park and also try to expand satellite offices in Princeton and Ramsey.
Florida-based firm tasks Jana Carlson to grow seven-broker office and spread word about its growth ambitions throughout northern California.
After 20 years with wirehouses, broker disavows the employee brokerage model.
The departure of a big producer, once a rare event because of Goldman’s restrictive termination policies, follows the exit of five other teams last year.
Bob Johnson, who was running Merrill PBIG’s Southwest region, is second wirehouse manager St. Louis-based Stifel has landed this month.