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Wirehouse veterans launch firm for ‘millionaire next door’ with Dynasty, Fidelity
Financial advisor trio previously managed $420M at Merrill Lynch.
Wirehouses to continue bleeding advisors in 2024
As the migration to independent broker-dealers and RIAs continues, concerns about the Big Four’s compensation plans may be contributing to the outflow.
Merrill again faces client complaint over yields on cash
Merrill has consistently been the brokerage firm paying the lowest rates on swept cash, according to a suit filed by Merrill Edge client.
Former senior banker at JPMorgan among four recruits joining UBS
Firm adds advisors in Florida, Missouri, and Mississippi.
Snowden Lane addition brings total recruited assets this year to $1B
Former Merrill Lynch advisor is the latest to switch to the hybrid RIA.
Wealth chats with family members are a good thing, right? Not always, says Merrill Lynch
Spontaneous conversations about family fortunes can lead to regrets, new report warns.
Merrill compensation changes ‘very advisor friendly’
Industry experts give their verdict on the wirehouse’s decision to replace its ‘growth grid’ with a ‘growth award.'
Raymond James adds $287M AUM wirehouse team in Guam
Two advisors join the firm's employee advisor channel.
Merrill team overseeing $1.37B jumps to RBC
The Miami-based Ruccio Group focuses on ultra-high-net-worth clients.
Bank of America sees decline in income for wealth group
CEO Brian Moynihan calls the wealth management group 'the least efficient business in the platform.'
Merrill adviser overseeing $350M moves to UBS
Matt Burton will join the firm’s Indianapolis office.
$500M Louisiana team joins Raymond James
The five advisors will operate as Meyer Rotolo Wealth Management.
Former Merrill star manager Oden jumps to HSBC
But big banks can fall flat when it comes to building a home for financial advisors.
LPL welcomes $205M team to its employee advisor channel
A new firm is born in Houston with Linsco by LPL Financial.
Female-led $325M duo launch sports and entertainment focused firm with LPL
New independent wealth firm also specializes in helping women in transition.
Raymond James adds $300 million advisor from Merrill
Burdette Park will launch eponymous firm in Louisville, Kentucky.
Advisor movement declines 16.6% over first half
The total of 6,757 advisors moving between advisory and brokerage firms in the first half is the lowest level seen in the data, which go back to 2009.
New Jersey $270M team sets up new wealth firm with LPL
The three advisors have left Merrill Lynch to form their independent firm.
UBS Wealth Management takes another $640M team from Wall Street firm
The Swiss-headquartered wealth manager has expanded its advisor head count in Ohio.
Former school teacher joins LPL Financial’s employee advisor channel
Brendan Wood has managed approximately $130M in assets, most recently with Merrill Lynch.
