Bobby Conville Jr. and Earl Smith are joining the firm's employee unit in Ruston, Louisiana.
The investment bank is putting the finishing touches onto its $13 billion purchase of ETrade Financial, and has benefitted from ETrade’s direct, online access to a younger group of clients.
The six-person team is leaving J.P. Morgan Private Bank in San Francisco.
It seems counterintuitive that an adviser or team who may be riding the wave of their 'best year ever' would change jerseys or break for independence. Yet it’s happening in record numbers.
Three sole practitioners managing $297 million in total are also moving to the firm.
With a fresh take on adviser training, Merrill Lynch expects to increase diversity while graduating 1,000 new advisers per year. These advisers will be located in-office and report to their local market executives.
In keeping with the times, it appears that the practice of cold-calling is out and using social and business networking platforms like LinkedIn is in.
The four-adviser group is moving to the firm’s employee unit in Augusta, Georgia and will operate as the Cypress Wealth Group.
The leadership changes announced May 20 position a slate of potential successors to CEO James Gorman who are mostly white and male.
Andy Saperstein, head of wealth management, was named co-president along with Ted Pick, head of trading, as Gorman positions a small group as his most likely successors.
Over the next three years, the positions are expected to be eliminated in Switzerland alone, with the bulk at the corporate cost center and about 200 between wealth management and the bank’s Swiss unit for personal and corporate banking.
John Farrell and Joel East are joining the UBS branch in Fort Worth, Texas.
Knowlton Knowlton & Larsen will be Rockefeller's first group of advisers in Boston.
The Atlanta-based, woman-led team is affiliating through Gladstone Wealth Partners, an office of supervisory jurisdiction.
Mark Donohue will be based in Palm Beach Gardens, Florida; Gordon Sommer in New York
Jeffrey Schiffman joins the firm’s employee unit in Palm Beach Gardens, Florida.
Aaron Sehl and Vincent Feijoo set up FS Financial in Southington, Connecticut.
The Swiss firm is exploring several alternatives for offering the asset class, people familiar with the plan said. Any investment offering would be a very small portion of the clients’ total wealth because of the volatility.
The Squier & Martinez group is opening an office for the firm in Grand Junction, Colorado.
The bank is planning to appoint a successor to Chairman Axel Weber, 64, at its annual general meeting next year.
