Brokers who each spent more than a quarter century at Merrill say they searched for firm that puts clients first, but third team member with 46 years at the firm stuck with the Thundering Herd.
Bruce Lee, a former top-ranked broker to the very wealthy, has joined with another PBIG alumnus to launch Keebeck Wealth Management.
Former Merrill broker says her branch manager reneged on offer to give her large share of team’s book once she finished training program.
Effort to corral about 1,650 brokers in some 100 slow-growth branches into ‘community markets’ unit with focused management attention yields early signs of progress.
In a non-solicitation twist, a small Tennessee firm that custodies with Raymond James asserts that a former adviser escaped to a wirehouse and improperly moved at least $27 million of customer assets.
Katie Flaherty, who had run five offices in Connecticut, will replace an ousted manager at rival wirehouse following her 60-day garden leave.
Brokers who generate the most new clients and new account inflows from July through February will qualify for “symposium” trips to either San Francisco or Quebec.
Bank of America Corp.’s Merrill Lynch unit agreed to pay a $42 million penalty to settle a U.S. regulator’s allegations that it routed customer orders to outside brokers, while telling them it had executed the orders internally.
Seattle advisor with 17 years’ experience jumps to D.A. Davidson while New York City broker ranked recently as a top “next-gen advisor” joins RBC.
Katie Flaherty, a registered representative for 19 years, was active in recruiting women advisors to her five-office group in Stamford, Westport and other parts of lower Fairfield County.
In a late-spring flurry, lifetime Merrill broker in Boston joins rival wirehouse while a Florida broker who earned his spurs at UBS and Morgan Stanley slides to Raymond James.