In other shifts from big to small, father-daughter team at Merrill in New Jersey join Janney Montgomery and a $400-million Merrill duo in Ohio join an RIA founded by a former colleague.
Wirehouse will allow brokers in about 8% of its branches to return to their offices after four months of working from home, but like many companies is unlikely to open in densely populated areas until 2021, executives say.
Houston’s Alexandra VanMeurs was the second multi-million-dollar woman producer to join Morgan Stanley from UBS in the past week.
The Financial Industry Regulatory Authority’s crackdown on allegedly shoddy sales of Unit Investment Trusts hit Stifel Nicolaus on Thursday, which agreed to pay more than $3.6 million for issues related to premature UIT rollovers.
Stifel added 26 advisors who were producing $20 million in the first quarter but recruiting has slowed due to coronavirus restrictions and lack of home office visits, CEO Ron Kruszewski warned.
Former Colorado broker gets permanent bar after failing to cooperate with probe into Stifel’s termination of him after eight years with the firm and 43 years in industry.
Missouri woman alleged that Stifel broker collaborated with her estranged husband to siphon funds from their joint account.
A 19-year Raymond James broker jumped last week, but most moves have been delayed by coronavirus travel bans and nerves.