Recent industry movement and recruitment activity.
Advisor Moves
First Republic Hooks $2.5Bln-Asset J.P. Morgan Team in Florida
Six-broker team is led by Sal Tiano, who has worked for almost three decades at J.P. Morgan and its Bear Stearns predecessor.
Multimillion-dollar UBS Broker in Calif. Goes Independent with Wells
After 23 years at wirehouses, Jesse Rodriquez sets up his own advisory shop via Wells’ FiNet channel.
Rockefeller Nabs $1.3-Bln-Asset Morgan Stanley Team in Atlanta
Michael Merlin, whose 11-person team reportedly produced around $10 million, left Friday after 21 years at Morgan Stanley and Smith Barney.
UBS Hires Schwab “Private Client” Broker in Indiana
New advisor who worked with the upper stratum of Schwab clients is teaming with another broker in UBS’s Indianapolis branch.
Wells Fargo Hires a Top RBC Broker Weeks After Her Dismissal
Chairman’s Club broker in Minneapolis who was dismissed by RBC over non-sales-related concerns after 28 years with the firm joined Wells late last year.
Cetera/Summit Veterans with $240 Mln-Book Join Ameriprise
Boca Raton team of Norm and Michael Robbins, top Summit producers, had worked with Summit founder Marshall Leeds for more than 20 years.
Wells FiNet Team with $189-Mln Book Shifts to Ameriprise
Four-advisor group in Bakersfield, Calif., stays independent with Ameriprise’s franchise division.
$4.5-Mln Merrill Team in Texas Shuffles to Wells Fargo
Five advisors left the Thundering Herd near Dallas on Tuesday after seven years for the “advisor-led” employee channel of Wells Fargo Advisors.
UBS Hires from Merrill, Morgan Stanley, Loses Ohio Vet to RayJay
Million-dollar solo practitioners bolster UBS’s U.S. ranks in Atlanta and Newport Beach, but Swiss bank loses a top Ohio producer to Raymond James.
Cetera Scores $2.6-Million LPL Team in North Carolina
Greensboro duo believe their practice-acquisition and succession ambitions will be better met at Cetera’s Summit unit than at the much-larger LPL.
Wire Wars: Morgan Stanley Adds Another UBS Team
The hire in Pasadena brings to at least seven the number of teams that have jumped in the last three months to Morgan Stanley from UBS, neither of which are in the Protocol for Broker Recruiting.
