Three wirehouse teams that collectively manage $1.8 billion have joined Rockefeller Capital Management, a large registered investment adviser.
The three teams are the five-member FMC Group, which managed $900 million at Merrill Lynch in Walnut Creek, California; the five-member Amsler Laborde & Bowman team, which managed $600 million at UBS in Houston; and the three-person ZWMG team, which managed $300 million, also at UBS, in Scottsdale, Arizona.
Mercer, Focus Partners Wealth, Mariner, Creative Planning and Captrust top the leaderboard tracking AI search results for RIA firms.
"We believe this model will help younger investors – and any investors who value a hybrid advice experience,” said Ryan Robson, principal at Edward Jones.
Conte Wealth Advisors reportedly has $1.4 billion in client assets and 20 advisors.
The Cleveland-based RIA's latest tie-up extends the firm's national footprint into the Golden State, where opinions continue to be split over a contentious billionaire wealth tax proposal.
Meanwhile, Cetera has welcomed a family-run practice from Commonwealth, and a Merrill advisor joins an existing UBS team in Connecticut.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
