Recent industry movement and recruitment activity.
Advisor Moves
J.P. Morgan Advisors, UBS Broker Migrate to RIAs in California and Texas
J.P. Morgan Private Bank advisor in San Francisco and Chase Private Client advisor in Houston left JPM in the last two weeks for independent advisory firms, while a UBS “Best Next-Gen” broker in Los Angeles and a Wells broker in Kansas have set up their own RIAs.
Wells Recruits Back Family Team from Merrill Lynch in California and Utah
Two brothers and a son producing about $4 million returned to Wells Fargo after a decade with the Thundering Herd.
Morgan Stanley Hires UBS Pair in Texas Generating $3.2 Million
Hire is at least the sixth from UBS since September by Morgan Stanley, signifying that recruiting is back at some wirehouses.
First Republic Hires $5-Million UBS Team in Los Angeles
Two wirehouse brokers who were managing $325 million in client assets are the second team in two months to have left UBS in southern California for the San Francisco-based bank.
Stifel Recruits Fourth Round of Merrill Lynch Brokers in a Month
Three brokers who managed $497 million at Merrill moved Friday to open a new Stifel office in Connecticut.
Edward Jones Recruiting Head Mauzy Leaves
Four Jones brokers in separate offices in Arizona and Nevada left on Friday, two to independence with RayJay and two to Ameriprise’s employee channel.
Stifel Gains Merrill Teams Producing $3.8 Mln, Loses One to RBC with $230 Mln-AUM
Four wirehouse brokers near Buffalo and Dallas join Stifel, one Stifel team in Scottsdale joins RBC, and each team had more than $200 million of client assets.
$4 Billion-asset Wells Fargo Team Goes Indie Via FiNet
One of the biggest-producing Wells Fargo Advisors private client group teams is launching their own firm under its Financial Network channel.
RayJay, Ameriprise Diverge in Recruiting Success—and Comp Costs
RayJay added a net 107 advisors last quarter to bring its brokerage force up 4% to 8,011 from a year earlier, while Ameriprise had a net decline of 21 brokers in the quarter, ending with a flat year-over-year headcount of 9,930.
Wells Fargo Advisors Hires $800-Mln Asset Team from Stifel
Wells awards three-advisor team branch status in its private client headquarters in St. Louis.
Stifel Hires Multimillion-Dollar Broker from Jefferies
Adam Shafiroff reunites with former colleagues at Barclays who Stifel absorbed four years ago.
