Advisor Moves
Steward Hires $2.5 Million RBC Team in Colorado
Group of three advisors had been overseeing $350 million in client assets, they said.
Merrill Loses $3-Mln Team to Rockefeller in CA, $2-Mln Group to Texas RIA
Group joining Rockefeller in Irvine had generated $3 million in revenue and follows Rockefeller’s hire last week of a $2.5 million Merrill team in Denver.
RayJay Details Recruiting Offer Hikes, Drops Some Clawback Provisions
In response to competition, Raymond James hikes hiring bonuses, eliminates a longstanding production quota for recruits and will absorb loan balances of deceased advisors.
Merrill Lifer and His $4.4-Mln Alabama Team Jump to Morgan Stanley
Robert Runkle left for Morgan Stanley on Friday after 38 years with the Thundering Herd.
Exclusive: Rockefeller Lures Merrill Private Wealth Regional Head in Chicago
Brett Thelander, a career Merrill manager who was running its ‘Mid-America’ private wealth region, will join Rockefeller after a 90-day garden leave, two sources said.
Rockefeller Hires $2.5-Mln Merrill Team in CO, RBC Nabs Million-Dollar IL Producer
Colorado hire is Rockefeller’s 45th team since its founding while RBC picked up a Merrill broker who said he was frustrated at Merrill’s push to sell Bank of America products.
Wells Fargo Lures $3.9-Mln N.J. Team from Morgan Stanley
Group led by Stan Alpert and Gregg Kaufman had overseen $725 million in assets at Morgan Stanley.
Billion-Dollar Florida Broker Ousted from Morgan Stanley to Join RayJay
Richard Altieri, a Chairman’s Club producer pushed out last week over alleged procedural lapses, has agreed to join Raymond James’ employee branch channel.
Finra Sidelines Two Brokers who Took Client Info to New Firms
The regulator fined and suspended a Lincoln Financial Advisors broker and a former International Assets Advisory broker who started his own registered investment advisory firm for alleged violations of client privacy rules.
$500-Mln AUM Goldman Advisor Leaves to Open Texas Office for Midwestern RIA
Chicago-based registered investment advisory firm Cresset Asset Management opens Texas outpost with hire of Goldman Private Wealth vice president.
Wire Wars: UBS Loses $3-Mln Broker to Morgan Stanley, Hires Merrill Trio in TX
UBS broker in New Jersey managing $460 million returns to Morgan Stanley after 11 years.
