Recent industry movement and recruitment activity.
Advisor Moves
More Advisors Jump from Wells in Southwest
J.P. Morgan lands a $2-million plus solo practitioner in Dallas while a team of veterans in Oklahoma overseeing $300 millon become partners in a young Texas-based RIA.
Morgan Stanley Shakes the Recruiting Tree But Loses NYC Team
After a long hiring freeze, the wirehouse on Friday signed teams with combined production of $8.8 million in Ohio, California and New York even as it lost a $3 million group in New York City to J.P. Morgan.
Wells Fargo Loses Another Round of Brokers in VA, MA and NC
Biggest team to leave in the past week was based in Virginia and managed $500 million.
Wells Loses Another Florida-based Team to RBC
Twenty-five year veteran John Perry, who with a partner in New Jersey was producing $1.2 million, joined the smaller firm on Monday after three years with scandal-plagued wirehouse.
One Wells Team Splits to Start RIA, Another Joins Regional D.A. Davidson
The departures in Missouri and Oregon on Friday add to steady drain of brokers from Wells over the past two years.
RayJay Loses $234 Mln-Asset Team to Stifel in Scottsdale
Industry veteran of 41 years says he had been frustrated by declining access to syndicate business.
Morgan Stanley Hires Million-Dollar Merrill Broker in Chicago
Morgan Stanley poaches broker for its private wealth group at a time when it has been aggressive in defending its own territory from the competition.
J.P. Morgan Securities Teamin Atlanta Splits to Join RIA
Two brokers who left on Thursday had been generating around $2 million in production from $200 million in assets.
Wells Fargo Lands Merrill Team with $200 Mln Assets in Alabama
Three-broker family team marks recruiting win for Wells as it tries to turn around headcount declines.
First Republic Nabs $6-Mln UBS Producer in Los Angeles
Broker, who sources said managed around $2 billion, is the latest in wave of departures from the Swiss bank’s U.S. broker-dealer.
Morgan Stanley Loses $644 Mln-Asset Team to Stifel
Six-broker group in Illinois is the second big team to jump to a regional firm in two weeks.