Recent industry movement and recruitment activity.
Team led by 22-year Merrill veteran Doug Linker and 17-year Thundering Herder Noel Hodges moves with seven colleagues, but without semi-retired group founder Kevin Ward.
A 40-year wirehouse veteran in Pittsburgh anticipates better client-outreach technology as a Dynasty-supported RIA while a veteran Merrill broker in Idaho managing $525 million says he’ll have more freedom within Raymond James’s employee channel.
UBS veterans in Alabama joined Wells Fargo Advisors on Tuesday following shift of Florida UBS team to start an RIA on Friday.
Steward, which has recruited primarily from wirehouses, lures independent brokers from Advisor Group to its new “affiliate channel” with an alternate payout plan.
Morgan Stanley teams in California, Connecticut and Florida overseeing $465 million and UBS advisors in New York and L.A. managing $568 million make pandemic moves.
Indianapolis-based Sanctuary, founded two years ago by a former Merrill divisional manager, finds recruiting success targeting its roots.
Family team at J.P. Morgan Securities overseeing $385 million responds to wirehouse’s revived appetite for recruiting.
Wirehouse veteran Michael Farrell leaves post as manager of New York City office near UBS’s U.S. headquarters to run a Morgan Stanley subcomplex.
Firm advances its foray into Texas by hiring its second multi-million-dollar team in the Lone Star state in two weeks.
Houston’s Alexandra VanMeurs was the second multi-million-dollar woman producer to join Morgan Stanley from UBS in the past week.
Wells Fargo and Morgan Stanley hired UBS advisors in Virginia and New Jersey who were managing about $1.4 billion of client assets.