A four-adviser team managing $1 billion at Citigroup Global Markets in Great Neck, New York, and Stamford, Connecticut, has moved to Merrill Lynch.
The team is led by Frank Falco, who is based in Great Neck and was with Citi for 22 years.
The three other advisers, based in Stamford, are: Kevin Condon, who spent seven years at Citi and started his career as a portfolio manager; John Huber, who was with Citi for 15 years; and Alexandra Maksimow, who spent 10 years at Citi, first as a commercial banker, then in the private bank and then as a private banker to high-net-worth clients.
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
