Advisers on the Move

Merrill adds a few heavyweights to herd

Team exiting from Citi

Mar 14, 2012 @ 3:41 pm

By Andrew Osterland

Merrill Lynch
+ Zoom
((Photo: Bloomberg News))

A team of financial advisers managing $261 million in assets, with more than $2 million in production, left Citigroup Global Markets Inc. to join Merrill Lynch Wealth Management last Friday.

Jose Fernandez and Juan Aleman both worked in a Los Angeles office for Citigroup but will work out of San Diego for Merrill.

Mr. Fernandez got his start in the business in Virginia with Capital Brokerage Corp. in 2003, according to his profile on the Financial Industry Regulatory Authority Inc.'s BrokerCheck website. He joined Citigroup in early 2005.

Mr. Aleman joined Citi in 2006, working in the firm's Long Island City, N.Y., office before moving to L.A. in 2007. Citigroup did not immediately confirm the departure of the two advisers.

Merrill Lynch also announced the recruiting of two advisers from Morgan Stanley Smith Barney LLC. The team of Ryan Baker and Stuart Hamm joined Merrill's Florence, Ala., office Jan. 18. The two had production of $1.3 million, managing just under $131 million in assets. MSSB spokeswoman Christy Pollack did not immediately confirm that the two advisers had left the firm.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

Consuelo Mack WealthTrack

Why inflation and interest rates could remain low for a very long time

Stephen Smith, co-lead portfolio manager of global fixed income at Brandywine Global, and John Bellows, portfolio manager and research analyst at Western Asset Management, discuss what the outlook for monetary policy means for investors.

Video Spotlight

Are Your Clients Prepared For Market Downturns?

Sponsored by Prudential

Video Spotlight

Path to growth

Video Spotlight

Path to growth

Latest news & opinion

What not to say to clients when the markets drop

Here's what advisers should steer clear of saying the next time stocks turn downward.

Nevada fiduciary law raises concerns among retirement professionals, brokerage industry

Critics complain that it conflicts with ERISA and SEC rules and has potential to spur other states to pass their own version of a fiduciary rule.

A special need for financial advice

Advisers don't have to be experts to help special needs families get a jump on lifelong planning.

Broker-dealers and RIAs at loggerheads over fiduciary rule delay

Companies and groups weighing in with comment letters have vastly different viewpoints on the delay's potential impact.

7 conferences taking advisers beyond financial services

Consider investing some time in learning to build corporate culture, be a better listener and other important skills.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print