A pair of advisers who had managed $353 million in assets at Merrill Lynch in Grand Blanc, Michigan, moved to Raymond James & Associates, the firm’s employee adviser channel, Raymond James announced.
The father-and-son team of David Vallie and Mitch Vallie will do business as Vallie Wealth Management of Raymond James. Staffer Michelle A. Loney is also making the move.
David Vallie has 35 years of experience and had been affiliated with Merrill Lynch since 2012. Mitch Vallie has seven years of experience, all at Merrill Lynch.
“Raymond James allocates resources from a client-focused lens and has equipped us with a great suite of research, technology, and planning tools that will not only help us engage our current clients on a thoughtful level but also allow us to develop new relationships,” Mitch Vallie said in a statement.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
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A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
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