February 15, 2020
This Week’s Top: Advisors Jump to Merrill, Rockefeller and First Republic Ahead of Long Weekend
- Merrill Private Hires $15-Million BNY Mellon Team
Four-advisor team overseeing $2.3 billion for business owners and private executives take the bid, shifting from salary-plus-bonus to grid-backed payout.
- Rockefeller Lures More Morgan Stanley Brokers in Atlanta
A solo practitioner and a team, each producing $2 million, joined Rockefeller ahead of the Presidents’ Day weekend.
- First Republic Hires $4.3-Million Wells Team to Open Office Near Seattle
Three advisors had been managing $1.5 billion in client assets at Wells Fargo’s private bank for wealthy families and private foundations.
- Merrill Elevates Market Manager to Sieg’s Inner Circle
Craig Young, who has been running branch complexes in California and New York, takes new “national business development” role promoting book-growth incentive programs.
- Morgan Stanley Sued Over Website Access by Blind Woman
Case seeking $4 million is at least the third filed against brokerage firms in the past two years by visually impaired customers for alleged inaccessibility to their online accounts.
- First Republic Puts Big California Producer on Leave
Paul Feinstein, a $5 million-dollar producer who joined First Republic three years ago from UBS, was known for leveraged options strategies for some wealthy clients.
- Stifel Recruiting Head John Pierce Leaves After Four Years
Executive who claimed to have spurred a hiring spurt at the St. Louis-based regional firm exited abruptly on Monday