Recent industry movement and recruitment activity.
Advisors who oversaw about $800 million for 225 families joined Sanctuary Wealth, founded last year a former Merrill regional manager.
Don Gorsch, a 25-year UBS vet, walked out of the southern California branch he has managed for 21 years last week.
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.
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.
After an 18-year career with Oppenheimer, Larry Goldstein affiliates with Cetera’s Summit Brokerage in search of a bigger payout.
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.
The decline in new hires highlights the Swiss bank’s strategy of trimming the overhang of recruiting loans on its balance sheet.
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.
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.