Ameriprise has also added a $130 million advisor from PNC, while a former pro golfer from LPL takes to Cetera's tax-focused community, Avantax.
It's early days in what is shaping up to be a long legal battle between Morgan Stanley and former advisors over who controls valuable deferred compensation money.
Baird will take a minority stake in the Canadian asset manager as part of the deal.
An ex-Ameriprise duo has also joined LPL in Virginia, while Raymond James welcomes advisors from Edward Jones and Oppenheimer to its network.
"The money has gone into BDCs and credit products because of higher yields," said one industry executive.
Also, Raymond James continues its Commonwealth recruitment streak, while Wells Fargo adds $1.1 billion in new assets from LPL, RBC, and TD Private Client Wealth.
The newest additions to Carson's leadership come with experience from Commonwealth, LPL, Wealth.com, and SageView Advisory Group.
LPL, Hightower, UBS among the firms losing advisor teams in latest moves
The problem that Bluerock is facing in getting shareholder approval, according to industry observers, is that the fund, after a listing, could trade below its net asset value.
The veteran who built Merrill Lynch's retail business from the ground up will bring that experience to support growth across Stifel's advisory, asset management, and investment banking businesses.
Meanwhile, an experienced Connecticut advisor has cut ties with Edelman Financial Engines, and Raymond James' independent division welcomes a Washington-based duo.
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
Meanwhile, Fifth Third's RIA arm adds a former billion-dollar BNY trio in Boulder, Colorado, while a hybrid RIA opens a new North Carolina location with a former Raymond James-affiliated team.
The appointment to its investment management arm comes roughly a year after the firm first announced plans to launch its own exchange-traded fund platform.
However, Raymond James has had success recruiting Commonwealth advisors.
Elsewhere, Osaic extended its reach in Knoxville with a former TrustFirst team, while Raymond James scored another win in the war for Commonwealth advisors.
Most firms place a limit on advisors’ sales of alternative investments to clients in the neighborhood of 10% a customer’s net worth.
Those jumping ship include women advisors and breakaways.
Firms announce new recruits including wirehouse breakaways.
Wells Fargo has also added more than $800 million in new AUM with recruitments from UBS, Osaic, and Merrill Lynch.
