Team managing $240 million at Merrill Lynch joins Raymond James

Team managing $240 million at Merrill Lynch joins Raymond James
Vic Howie, Paige Passerallo and staff move to employee unit in Charlotte, N.C.
NOV 13, 2019
Vic Howie and Paige Passerallo, who managed $240 million at Merrill Lynch in Charlotte, N.C., have joined the employee unit of Raymond James. [More:​ See more adviser moves in InvestmentNews' Advisers on the Move database.] Moving with them are team members Mark Passerallo and Taylor Racer. [Recommended video: Joel Bruckenstein: Expects new financial planning firms to emerge after so much M&A] Mr. Howie spent 21 years with Bank of America and 10 years with Merrill Lynch, where he served as the company's consumer market executive in Charlotte and as marketing executive for the national municipal/public finance division and the commercial banking division. Ms. Passerallo spent 14 years at Merrill Lynch. Earlier, she worked as a trust administrator for Wachovia Bank's personal trust department. Register today​ for our Future of Financial Advice event on Nov. 20. ​ ​

Latest News

US household wealth grows more liquid than global peers
US household wealth grows more liquid than global peers

UBS data show American net worth is shifting from property to cash and funds faster than in seven other wealthy nations.

UHY's Hudson Valley deal boosts wealth practice to $1.5B
UHY's Hudson Valley deal boosts wealth practice to $1.5B

RBT CPAs combination lifts assets at UHY's fledgling RIA unit more than tenfold in the firm's first year.

House passes bipartisan bill to shield seniors from investment fraud
House passes bipartisan bill to shield seniors from investment fraud

Financial services trade groups back new authority letting mutual funds pause suspicious redemptions from vulnerable investors

Texas man says SEC and fund could make him pay twice
Texas man says SEC and fund could make him pay twice

A $141M judgment and a federal asset freeze collide over one shrinking pool

Osaic executives Kristy Britt and Greg Cornick to leave
Osaic executives Kristy Britt and Greg Cornick to leave

The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.

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

SPONSORED Why direct indexing stopped being optional

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.