Recent industry movement and recruitment activity.
Three-million-dollar producers who spent their careers with the Thundering Herd wanted to stay with a wirehouse, while more junior team starts independent advisory practice.
Paramus team opened West Coast bank’s first wealth branch in the Garden State on Friday, the same day UBS hired a $1-million, 29-year industry veteran in Ohio from Morgan Stanley.
Firm creates new office for two-advisor, five-person team said to be producing about $4 million from their small Kentucky home.
Tim Byrnes, a former Southeast Region manager currently running a Palm Beach, Fla. complex, is moving north to central Pennsylvania.
Twenty-six year broker said to be producing $1.8 million in production jumped to Wells’ private client group, while three teammates stayed behind.
Austin duo overseeing $134 million leaves Merrill for Raymond James affiliate, while 16-year UBS executive stock specialist shifts to new Noyes unit in San Francisco.
Biggest independent broker-dealer says recruiting remains vibrant after breakaway of Independent Financial while Opco force edges toward 1,000.
Merrill pair in Silicon Valley and Wells team in San Francisco were each overseeing about $300 million of customer assets before moving on Friday.
Brokerage giant also forces former retail head Andy Gill, who was running marketing, as part of restructuring.