Merrill, JP Morgan reps managing $511 million go indie with FiNet

Minnesota Merrill team and Michigan solo broker affiliate with Wells Fargo.
MAR 23, 2018

A three-broker team managing $400 million at Merrill Lynch in Plymouth, Minn., and a JP Morgan adviser managing $111 million in Niles, Mich., have left their firms to go independent through the FiNet unit of Wells Fargo. Leaving Merrill Lynch are Shawn Greseth, Chris Kellett and Donovan Laib. The three were career Merrill Lynch brokers, having spent 22 years, 13 years and three years at the firm, respectively. Dathan Lumpkins had been with JP Morgan and a predecessor firm since 2006. He began his securities career at Northwestern Mutual Investment Services in 2004.

Latest News

Jamie Dimon signals up to $20 billion acquisition for JPMorgan
Jamie Dimon signals up to $20 billion acquisition for JPMorgan

The bank's outspoken CEO says it's scanning for deal targets even as geopolitical risks and elevated asset prices cloud the outlook.

Fintech bytes: Envestnet's Bill Crager wants to fix tech's disconnection dilemma
Fintech bytes: Envestnet's Bill Crager wants to fix tech's disconnection dilemma

Virtual family office platform Strad and Ai-native CRM slant are also supporting centralization for advisors with newly inked partnerships.

Advisor moves: Cetera's Commonwealth pitch draws public sector-focused veteran
Advisor moves: Cetera's Commonwealth pitch draws public sector-focused veteran

Meanwhile, Raymond James' employee arm welcomes a $550 million advisor from JP Morgan, and LPL attracts another advisor trio from D.A. Davidson.

Crypto has arrived in the brokerage account but what does it mean for advisors?
Crypto has arrived in the brokerage account but what does it mean for advisors?

Prometheum's Aaron Kaplan on why clearing ETH inside a US brokerage account changes the conversation and what still needs to happen before adoption scales.

Technology Is Moving Fast. Adoption Shouldn’t Be Rushed
Technology Is Moving Fast. Adoption Shouldn’t Be Rushed

The tools are evolving rapidly, but in wealth management, the real challenge isn’t access. It’s integration, security, and discipline.

SPONSORED When Growth Outruns the System

According to Flyer Financial Technologies, rising portfolio complexity is exposing the limits of legacy infrastructure and widening the gap between automation and reality

SPONSORED Why strategy matters more than performance

In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.