Boston Harbor Wealth Advisors, a super office of supervisory jurisdiction for Raymond James, has attracted advisers from Morgan Stanley and Merrill Lynch, as well as two independent teams, who collectively manage $686 million in assets.
Bill Sherlach, Jim Mead and Sal Trombetta, who operate as the IST Group and managed $336 million at Morgan Stanley, are based in Fairfield, Connecticut.
Brian M. Marino, Gene Craciun and their five-person team, who operate as OnPoint Wealth Partners in Cleveland, manage $250 million and were formerly affiliated with MML Investors Services.
Former Merrill Lynch adviser Jeffrey Fitz, who managed more than $50 million in Briarcliff Manor, New York, and John Meaken, who also manages more than $50 million and was formerly affiliated with LPL in Beverly, Massachusetts, also affiliated with Raymond James through Boston Harbor Wealth Advisors.
Elsewhere, LPL recruits a $160M Edward Jones advisor in Alabama as William Blair opens a Dallas office with an ex-UBS wealth team
Rick Wurster says Schwab is shutting out unauthorized logins as agents like Meta's Muse, Instinct and OpenAI's Dots push into consumer finance
Schwab wants RIAs on Claude’s enterprise plan for its security controls, but most of its firms are too small to fill the 20-seat minimum
Looks like the LPL doubters were right all along.
Echelon Partners counted 125 wealth management deals in Q3 2026, with the quarter's biggest deal targets by assets selling minority stakes rather than getting swallowed.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
