Recent industry movement and recruitment activity.
Father-son team in Memphis psychologically sealed their move before last week’s merger announcement, say they have no regrets after reviewing retention deal.
Lead broker said he was frustrated with the growing influence of Bank of America on advisors’ practices and of dictates to focus on new business.
Two teams had managed a combined $373 million in assets.
Broker who moved with two Scottsdale teammates in late September rejoined his former firm after five weeks.
Sean Phillips, who began his career at Merrill Lynch and has managed Wells Fargo private client branches for the last three years, will continue to be based in Walnut Creek.
Lynn Faust, a South Carolina broker who lost her job after 30 years over concerns about UIT sales practices, moved to Stifel with her son on Friday.
Merrill teams in Virginia and NYC join independent firms while Stifel group with $180 million of assets affiliates with Ron Carson’s Cetera-based network of firms.
Four-broker team in Columbus team with about $5 million in annual production and two-broker unit in Dublin with more than $2 million made the moves in past two weeks.
Broker had produced around $1.5 million at a Merrill branch in Napa, according to a source familiar with the move.