Recent industry movement and recruitment activity.
Advisor Moves
Hilliard Lyons Team Joins Stifel Ahead of Baird Acquisition
Father-son team in Memphis psychologically sealed their move before last week’s merger announcement, say they have no regrets after reviewing retention deal.
Merrill Team in Vegas with $2.4 Mln Production Joins Ameriprise
Lead broker said he was frustrated with the growing influence of Bank of America on advisors’ practices and of dictates to focus on new business.
Ameriprise Lands Merrill, Morgan Stanley Teams in Hawaii and NYC
Two teams had managed a combined $373 million in assets.
After Dalliance with Stifel, Arizona Broker Returns to Raymond James
Broker who moved with two Scottsdale teammates in late September rejoined his former firm after five weeks.
RBC Hires Another Wells Manager, This Time in California
Sean Phillips, who began his career at Merrill Lynch and has managed Wells Fargo private client branches for the last three years, will continue to be based in Walnut Creek.
Stifel Nabs Eight Wells Advisors in Five States
Brokers snatched since the beginning of November had collectively managed more than $1.4 billion for Wells Fargo clients, Stifel says.
Prominent RayJay Producer Fired Over UIT Sales Joins Stifel
Lynn Faust, a South Carolina broker who lost her job after 30 years over concerns about UIT sales practices, moved to Stifel with her son on Friday.
Indie Brokers Shuffle Intramurally; Cetera, RayJay, Sanctuary Hire from Wires
Merrill teams in Virginia and NYC join independent firms while Stifel group with $180 million of assets affiliates with Ron Carson’s Cetera-based network of firms.
Multimillion-Dollar UBS Teams in Ohio Join Wells Fargo
Four-broker team in Columbus team with about $5 million in annual production and two-broker unit in Dublin with more than $2 million made the moves in past two weeks.
First Republic Hires Another Merrill Broker in California
Broker had produced around $1.5 million at a Merrill branch in Napa, according to a source familiar with the move.
Merrill Duo with $550 Mln of Client Assets Joins RBC
Team in Beverly Hills says they sought firm with reputation of “always acting in the best interest of clients.”