Recent industry movement and recruitment activity.
Team said to be managing about $440 million is the second to leave Merrill’s Buckhead branch for RBC this summer.
Move by 23-year industry veteran in Nevada on Thursday follows the departure of a 21-year UBS lifer to RBC Wealth earlier this month.
After 20 years with Merrill, Michelle McCallion is trying to move her ultra-high-net worth practice in Greenwich, Conn. and midtown Manhattan to another bank-owned wirehouse.
Four Long Island advisors on an Ameriprise employee-channel team split for offices of rival firm in Manhattan and Boca, while a wirehouse broker in Des Moines leaves to launch an independent practice in the city.
Wells Fargo Advisors’ private client group lost a $300 million team to independence last week but kept a $285-million duo in-house at its FiNet unit and added Merrill teams in San Francisco and Missouri.
Farm Bureau Financial Services has hired a 27-year adviser managing about $100 million to introduce wealth services to some of its 540,000 client members.
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.