Recent industry movement and recruitment activity.
UBS bids adieu to L.A. complex manager Ron Meraz and recruits junior brokers from Merrill Lynch in Las Vegas who had a $116 million book.
J.P. Morgan Securities trio in New York producing $9.5 million, $4.5 million Wells advisor in Pennsylvania and Merrill veteran in DC jumped last week amid market tumult.
Advisor undertakes the pain of repapering client accounts in return for his bet on stronger client-centric service and “pricing efficiencies” for his 12-member team.
Virginia advisers with long Merrill lineage said they were managing $900 million of client assets.
Paul Vigue, William Platt and Renato Reali, who joined forces at Smith Barney 19 years ago, rejoined Morgan Stanley in Manhattan Friday and Damion Carufe arrives in firm’s Palm Beach office after 31 years at J.P. Morgan/Bear Stearns.