Recent industry movement and recruitment activity.
Advisor Moves
Merrill Houston-Area Teams Leave, One to Wells and a Second to RIA
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.
$3.6 Million UBS Team Joins First Republic in New Jersey
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.
Wells Lures 25-Year Veteran from UBS in Michigan
Glen Hall left UBS after almost 12 years on Thursday for Wells’ Birmingham office, where he said he has “a lot of old friends.”
Wells Fargo Kentucky Team Bolts for Morgan Stanley
Firm creates new office for two-advisor, five-person team said to be producing about $4 million from their small Kentucky home.
Morgan Stanley Manager Merry-Go-Round Keeps Spinning
Tim Byrnes, a former Southeast Region manager currently running a Palm Beach, Fla. complex, is moving north to central Pennsylvania.
Morgan Stanley Broker in Dallas with Big ‘Alts’ Practice Joins Wells
Twenty-six year broker said to be producing $1.8 million in production jumped to Wells’ private client group, while three teammates stayed behind.
Independents Steward and Sanctuary Hire Brokers from Merrill, UBS
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.
LPL Force Diminished by Big Breakaway, Oppenheimer by Continued Attrition
Biggest independent broker-dealer says recruiting remains vibrant after breakaway of Independent Financial while Opco force edges toward 1,000.
First Republic Nabs California Merrill Team, Rockefeller Signs Wells Duo
Merrill pair in Silicon Valley and Wells team in San Francisco were each overseeing about $300 million of customer assets before moving on Friday.
Schwab Retail Chief Kallsen Leaves in Restructuring
Brokerage giant also forces former retail head Andy Gill, who was running marketing, as part of restructuring.
Merrill Hires Another Early-Career Broker, Stifel Nabs Ameriprise Vet
Morgan Stanley loses four brokers in the South to Merrill and Stifel.
