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

Retirement plan defaults leave key participant decisions unresolved
Retirement plan defaults leave key participant decisions unresolved

New Allspring research finds 401(k) participants want guidance on income and rollovers, not just portfolio automation.

Global equity release market set to triple, with US leading growth
Global equity release market set to triple, with US leading growth

Aging homeowners hold record housing wealth - but most advisors still aren't bringing it into retirement plans

Retiree alleges advisor withheld $600K through real estate LLC web
Retiree alleges advisor withheld $600K through real estate LLC web

$1.7M invested from an inheritance. Then the phone went dead.

SEC accuses Linqto chiefs of 'Wizard of Oz' investor deception
SEC accuses Linqto chiefs of 'Wizard of Oz' investor deception

The pre-IPO platform sold $430M in units while allegedly rigging prices behind the scenes.

GLP-1 users are trading retirement savings for their prescriptions
GLP-1 users are trading retirement savings for their prescriptions

A Nationwide survey finds 47% of GLP-1 users have never discussed the drugs’ financial impact with an advisor, even as many dip into savings.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

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