Equitable Advisors hires four advisors with combined $360M AUM

Equitable Advisors hires four advisors with combined $360M AUM
The four join the fast-growing wealth management business from separate firms.
AUG 17, 2023

Equitable Advisors has added to its fast-growing wealth management business with the hire of four advisors from other major firms.

As part of the long-established financial services firm Equitable, the wealth management business has $80.4 billion in assets under administration and approximately 4,100 financial professionals across the country.

The new hires come from Ameriprise, Edward Jones, Merrill Lynch and PNC Investments with a combined $360 million AUM and many decades of experience.

They include:

  • Ryan M. Shea, CFP, who joined the Atlantic Liberty branch from Merrill Lynch where he oversaw $137 million in client assets. He has 10 years of industry experience.
  • Seong T. (Sean) Hahn joined the Greater New York branch from PNC Investments where he managed $109 million in client assets. He has 30 years of experience.
  • Ejiro “EJ” Okuma joined the Georgia Alabama branch from Edward Jones where he managed $70 million in client assets. He has 13 years of experience.
  • Matthew I. Kooperman joined Equitable Advisors’ Illinois branch from Ameriprise Financial where he managed $45 million in client assets. He has 11 years of experience.
High-caliber talent

John Lefferts, head of business development at Equitable Advisors, said that the firm is focused on attracting top-tier experienced advisors.

“We are proud to welcome these advisors who exemplify the high caliber of talent we continue to attract,” he said.

Latest News

Crewe Advisors takes on minority investment to fuel acquisitions and organic growth
Crewe Advisors takes on minority investment to fuel acquisitions and organic growth

Utah RIA with $3.3B in AUM teams with WPCG and HGGC's Aspire Holdings platform in deal expected to close this month.

Investors sue Goldman, Morgan Stanley and 11 banks over Via IPO
Investors sue Goldman, Morgan Stanley and 11 banks over Via IPO

They say the offering hid two facts before the stock cratered nearly 70%.

Social Security fund depletion date holds at 2034
Social Security fund depletion date holds at 2034

Trustees maintain 2034 insolvency projection, but new research shows benefit cuts could cost many retirees more than $137,000 out of pocket.

RBC Capital Markets plans hiring to expand US presence: Report
RBC Capital Markets plans hiring to expand US presence: Report

The investment banking arm of RBC is ramping up its hiring across the U.S., Canada, and Europe.

Chekhov’s gun: Incentives and accountability in semi-liquid private credit
Chekhov’s gun: Incentives and accountability in semi-liquid private credit

Semi-liquid private credit funds are a clear example of both causation and inevitability.

SPONSORED Estate planning isn't a service add-on. It's your retention strategy.

As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.

SPONSORED Why strategy matters more than performance

In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.