Private client group assets at big regional jumped 4% in May from previous month and by 8% from a year ago on market appreciation and new brokers.
Corporate employees of Edward Jones in Missouri, Arizona and Canada will trickle back to offices next month but it will be “a long time” before all of the partnership’s 6,500 home-office workers return, managing partner says.
• Bill Brinckerhoff – Managing Director, Regional Executive of the Central Region
• Frank Epinger – Managing Director, Regional Executive of the Pacific South Region
• Rob Spawn – Managing Director, Regional Executive of the Pacific North Region
• Frank Story – Managing Director, Regional Executive of the North East Region
Steve Heng, who had been managing around $350 million at a bank branch, joined Baird on Monday, less than two months after his forced exit from Wells.
Wall Street deals are on hold. Its skyscrapers are mostly hushed. But, in a subtle sign of New York City’s reopening, Franco Anzalone is finally cutting hair again.
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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 is expanding its list of separately managed accounts that waive management fees from UBS-managed accounts to 18 equity and fixed income strategies from outside asset managers.
The $48 billion-asset Kansas firm buys Sunrise Advisors, which has about $700 million of customer assets, its sixth purchase amid the Covid-19 crisis.