“I didn’t leave Merrill Lynch,” New Jersey advisor says. “I left Bank of America.”
Morgan Stanley broker in Boca Raton was producing $2 million after 32 years in the industry, while 30-year Pittsburgh-area veteran broker who left UBS generated $3.2 million in past 12 months.
Finra arbitrator grants Florida resident full amount of damages and lawyers’ fees sought over her purchase of energy partnership notes.
RBC Wealth’s recruiting head Michael Parker and Merrill’s Dallas market manager Michael Armondo, each of whom have 24 years of brokerage experience, will join to build Greg Fleming’s enterprise in the Northeast and Texas.
RBC continues aggressive hiring pace with new $2 million producer in Manhattan, while Long Island team generating $4.5 million starts independent firm with Schwab’s help.
Finra accuses former RBC broker of quickly wiring money to an outside checking account after he was credited with a foreign stock valuation that was widely off the mark.
Royal Bank of Canada nabbed two Minnesota teams from UBS with $854 million, and a third $429-million team from Wells, but one advisor was lured back.
Sean Phillips, who began his career at Merrill Lynch and has managed Wells Fargo private client branches for the last three years, will continue to be based in Walnut Creek.
Team in Beverly Hills says they sought firm with reputation of “always acting in the best interest of clients.”
In another blow for Wells Fargo Advisors, prominent Midwest team that had been with firm for 13 years moves to Canadian bank’s U.S. wealth unit.