Recent industry movement and recruitment activity.
Advisor Moves
Merrill Team Generating $5.2 Million Goes Indie in Indianapolis
Advisors who oversaw about $800 million for 225 families joined Sanctuary Wealth, founded last year a former Merrill regional manager.
UBS Manager Bolts Pasadena Branch He Led for Two Decades
Don Gorsch, a 25-year UBS vet, walked out of the southern California branch he has managed for 21 years last week.
Merrill Shifts Ex-NFL Player Willie Thomas to New Position
After leading San Francisco office for last four-and-a-half years, former Seahawks and Penn State defensive back will move to manage a complex in Florida.
Rockefeller Hires Merrill Manager in Los Angeles
Nathan Crair, who had been managing offices in west Los Angeles for 14 years, will open Rockefeller’s first office in the city.
Merrill Fills Complex Manager Vacancies in Texas and Florida
Promotes Miami associate market executive Sabeen Villani to run its north Florida market and shifts veteran Chris Miller in Pennsylvania to oversee some 300 advisors in Dallas.
Opco Broker in L.A. Producing $4 Mln Goes Independent
After an 18-year career with Oppenheimer, Larry Goldstein affiliates with Cetera’s Summit Brokerage in search of a bigger payout.
Stifel Rustles Another Multi-Million-Dollar Texas Team from Merrill
A week after hiring a Houston duo producing $3.4 million, Stifel Nicolaus recruits two more Merrill brokers in Dallas who generated $3.5 million in the past 12 months.
UBS Recruited Fewer Than Two Dozen U.S. Advisors This Year, Executive Says
The decline in new hires highlights the Swiss bank’s strategy of trimming the overhang of recruiting loans on its balance sheet.
UBS Husband-and-Wife Team Producing $2.6-Million Joins RBC
Together with another family member, brokers who are jointly based in Arizona and California were overseeing about $455 million of customer assets prior to their move last week.
Merrill Team Managing $300 Million in Northern Ohio Goes Indie
Team in Sandusky affiliates with Raymond James while their former Merrill office sits dormant.
First Republic’s Star-Studded ‘Luminous’ Team Goes Independent
Former Merrill Lynch brokers who sold their RIA business to First Republic for $125 million six-and-a-half years ago split on Friday to form two separate advisory firms.
