After 30 years at William Blair and Robert W. Baird, Rosa Ebling signs with the Florida-based firm’s Windy City employee-channel branch, while $2-million team led by Keith Bock in New York State leaves his home of more than 35 years.
Philadelphia broker cites branch manager’s comments
Three brokers were managing $288 million in client assets, mostly institutional, according to Janney.
Many firms drop practice of pursuing trainees for “training costs” if they drop out.
Also will stop requiring reimbursement of $45,000-$55,000 from trainees who seek to remain in securities industry within five years of leaving or being fired.
Advisor count falls by 138 during the three-month period but higher market valuations and flows bump advisory assets up 3% during the quarter.
El Segundo branch of the Bank of America brokerage unit loses one team to Wells Advisors’ branch system and another to its independent channel, while a Wells private banker on East Coast joins an RIA.
After one-year hiatus with SunTrust, Dwight Mathis returns to run Long Island branches for the Thundering Herd while Wells’ Kevin Ortmeyer leaves after 25 years in Illinois for Stifel.
Indiana-based Bison Financial principals now with Ameriprise lost their FiNet licenses because of “certain annuity processes,” regulatory filings say.