Recruiting
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.
Morgan Stanley Hires $7.5 Mln Merrill Private Wealth Team
Team includes two veterans who had spent nearly 50 years combined at Merrill and who managed $1.2 billion in assets.
UBS Hires Giant J.P. Morgan Private Bank Team in LA
Seven-person team had been managing $6.5 billion in client assets, UBS said.
Stifel Nabs Merrill Team Managing $1.35 Billion in Dallas
Group of four brokers had been generating $4.6 million in fees and commissions, according to the team leader.
Stifel CEO: Broker Recruiting to ‘Accelerate’ in 2021
The firm added 131 advisors last year, down from the 150 who joined in 2019, but CEO Ron Kruszewski forecasted a pick-up in hiring even as a rival warned of increased competition.
Rockefeller Lures Two Florida Teams with $9.8 Mln Revenue
Morgan Stanley team with $6.5 million and Merrill team generating $3.3 million in revenue bring Rockfeller’s brokerage force to 44 teams.
Edward Jones Profit Jumped 18% in 2020, Broker Count Fell in Q4
Biggest brokerage firm by number of advisors says its force fell by more than 100 in fourth quarter, but 2020 revenue and profit grew due to rising markets and expense cuts.
Stifel Hires 33-Year Brokerage Vet from Jefferies in Dallas
Broker had been managing over $200 million in client assets, according to two sources familiar with his practice.
Merrill Hires $2-Mln JPMorgan Bank Team in Texas
The new recruits mark a rare split from Merrill’s retreat from veteran broker recruiting over the past three years.
Wells Tweaks Headhunter Bounties with Offers up to 12%
Wells Fargo has enhanced its already high-end fees for recruiters with performance-based incentives for its most active headhunters.
Raymond James Keeps Recruiting Gate Open Despite Expense Jump
Revenue generated by the Florida-based firm’s burgeoning brokerage force rose 12% last quarter, but rising legal and compensation costs contributed to an 8% decline in pretax profit at its wealth division.
