Recent industry movement and recruitment activity.
Advisor Moves
RayJay Hires $1.7 Billion-Asset Broker Ousted by Morgan Stanley over Online Post
Chicago broker dismissed from Morgan Stanley’s private client unit after he was pictured in an inappropriate social media posting lands at Raymond James’ high-net worth Alex. Brown unit.
Stifel Lands $1.75-Million Husband-and-Wife UBS Team in New Mexico
Separately, UBS hired a novice broker to supplement a big Boston team and nabbed a bank-based broker in Ohio.
Goldman Appoints Broker to Manage Seattle Office
Lifetime Goldman advisor in Dallas shifts to manage and expand the powerful investment bank’s wealth businesses in the Pacific Northwest.
Morgan Stanley Lands $8-Million RBC Wealth Team in New York
Nationally ranked advisor Ira Mark, one of the biggest producers in RBC Wealth’s New York City complex, returned to Morgan Stanley with five associates.
First Republic Hires $2.5 Million Merrill Producer in California
San Francisco-based bank recruits another broker from the firm that once owned it.
Rockefeller Hires $5-Mln Morgan Stanley Team in Dallas
Mother-son team overseeing $500 million in assets joins Rockefeller in Dallas, following arrival in Houston last week of a $300 million-asset team from UBS.
$3.7-Million Wells Fargo Bank Team Joins LPL’s ‘Wirehouse’ Channel
Two brokers who managed $500 million in client assets are the third group to join LPL’s five-month-old “Strategic Wealth Services” affiliation model.
Fieldpoint Private Hires BNY Duo with $900 Million Book
Miami duo with around 75 clients and half a century of experience at BNY Mellon Wealth Management join Connecticut bank founded by brokerage firm graybeards.
RBC Nabs $1.4 Billion Merrill Team in Boca, UBS L.A. Broker with $280 Million
The Minneapolis-based firm touts that it has recruited advisors representing a record $20 billion in assets year-to-date.
Ex-Merrill UHNW Broker Lands at Boston Private in San Francisco
Broker, who was discharged in June for having an assistant complete mandatory training modules on his behalf, says he has learned his lesson.
RayJay Lands $500 Mln-Asset Wells Team in Philadelphia, $1.2-Bln Group in Kansas
Trio with 106 years of experience left Wells Fargo for RayJay’s Alex. Brown UHNW division, while seven-person UBS team opens a Kansas City for Raymond James and Associates.
