Four-rep team managing $350 million at Merrill Lynch joins Janney

Four-rep team managing $350 million at Merrill Lynch joins Janney
The eight-person Gansler Group is based in Greenville, Del.
JUN 05, 2019
Four financial advisers managing $350 million at Merrill Lynch in Greenville, Del., along with their four-person support team, have joined Janney Montgomery Scott. The advisers joining Janney are Steve Gansler Jr., Colin P. Burke, Gregory R. Powell and Michael J. Johnson. (More: See more adviser moves in InvestmentNews' Adviser on the Move database.) Mr. Gansler began his career in the financial services industry in 2000 at Merrill Lynch and returned to the firm in 2009 after stints at three other firms. Mr. Burke joined the Gansler Group in 2017 after beginning his career at Sanford C. Bernstein in 2007 and moving to Wells Fargo in 2010. Mr. Powell has over 35 years of financial services experience, and was with Merrill Lynch since 1994. Mr. Johnson joined Merrill Lynch in 2014.

Latest News

Fintech bytes: Envestnet reaffirms $1B RIA commitment with Tamarac tech investment
Fintech bytes: Envestnet reaffirms $1B RIA commitment with Tamarac tech investment

Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.

RIA moves: Maridea acquires multigenerational practice in Pennsylvania debut
RIA moves: Maridea acquires multigenerational practice in Pennsylvania debut

Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.

Private equity eyes 401(k) plans, but fees remain a hurdle
Private equity eyes 401(k) plans, but fees remain a hurdle

Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.

IRS floats proposal ending tax breaks for schools that weigh race
IRS floats proposal ending tax breaks for schools that weigh race

Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.

Trust over tech: The hidden signal of stock success in the AI era
Trust over tech: The hidden signal of stock success in the AI era

Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

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