Wells’ payout penalties on lower-net worth accounts didn’t mesh with West Virginia brokers’ small-town client base.
J.P. Morgan Securities emigrees to RBC have 89 years of experience and a big book of music and entertainment clients, while its new arrivals had been with Morgan Stanley and predecessors for 87 years.
Separately, UBS hired a novice broker to supplement a big Boston team and nabbed a bank-based broker in Ohio.
Trio with 106 years of experience left Wells Fargo for RayJay’s Alex. Brown UHNW division, while seven-person UBS team opens a Kansas City for Raymond James and Associates.
St. Louis-based Stifel has staffed its Texas branches with almost two dozen Merrill advisors in the past two years.
Stifel landed a three-broker team in Texas and has hired a “community markets” manager from Merrill in Colorado to help recruit in the state and oversee an office.