Richard Hendrickson, a 19-year Edward Jones veteran said to produce $2 million on $250 million of client assets, left with two administrators last Friday.
Long Island manager rejoins in new, expanded role after wooing from senior executives.
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.
Hiring and retention bonuses slice profit margin of private client group by almost 5%, and forgivable loan balances hit $885 million, but Florida firm says is not retreating.
When an adviser has a pittance saved in his or her own retirement accounts alarms go off at Raymond James, while Lincoln Financial wants a detailed workout plan from advisers with financial difficulties.
After 37 years at Wells and predecessor Prudential Securities, Don Simpson left with $300-million asset-under-management group.
“Increases in financial advisors and the resultant assets under administration really are what drives the majority of our growth at this firm,” CFO says.
RayJay scores West Hartford win while RBC hires the Tucson producer.