Recent industry movement and recruitment activity.
Advisor Moves
Rockefeller Lassoes Merrill Texas Team with Nearly $5-Mln Revenue
Group of three Merrill lifers had spent a combined 68 years with the thundering herd based in San Antonio and Kenedy, Texas, according to registration records.
Goin’ Up? Wells Fargo Team Moves Seven Floors to UBS in San Diego
Edward Dawson, a 37-year industry veteran, has moved his Wells Fargo team to the 21st floor of the same downtown San Diego building to join UBS.
Fired by Wirehouse for Unapproved Outside Business, Texas Broker Relocates to Stifel
Robert Mitchell, a million-dollar-plus producer at Morgan Stanley, follows the lead of others fired for compliance missteps by joining a regional firm.
Snowden Snags Wells Fargo Int’l Broker Managing $360 Million in Miami
Armando Ureña and his team in Coral Gables switched to Snowden Lane Partners ahead of Wells’ shuttering of its foreign client business.
Steward Hires $2.5 Million RBC Team in Colorado
Group of three advisors had been overseeing $350 million in client assets, they said.
Merrill Loses $3-Mln Team to Rockefeller in CA, $2-Mln Group to Texas RIA
Group joining Rockefeller in Irvine had generated $3 million in revenue and follows Rockefeller’s hire last week of a $2.5 million Merrill team in Denver.
RayJay Details Recruiting Offer Hikes, Drops Some Clawback Provisions
In response to competition, Raymond James hikes hiring bonuses, eliminates a longstanding production quota for recruits and will absorb loan balances of deceased advisors.
Merrill Lifer and His $4.4-Mln Alabama Team Jump to Morgan Stanley
Robert Runkle left for Morgan Stanley on Friday after 38 years with the Thundering Herd.
Exclusive: Rockefeller Lures Merrill Private Wealth Regional Head in Chicago
Brett Thelander, a career Merrill manager who was running its ‘Mid-America’ private wealth region, will join Rockefeller after a 90-day garden leave, two sources said.
Rockefeller Hires $2.5-Mln Merrill Team in CO, RBC Nabs Million-Dollar IL Producer
Colorado hire is Rockefeller’s 45th team since its founding while RBC picked up a Merrill broker who said he was frustrated at Merrill’s push to sell Bank of America products.
Wells Fargo Lures $3.9-Mln N.J. Team from Morgan Stanley
Group led by Stan Alpert and Gregg Kaufman had overseen $725 million in assets at Morgan Stanley.
