Evan Lereah’s father started the Red Bank, New Jersey-based business 40 years ago.
Citigroup plans to 'double down on wealth,' while Merrill's account balances surged 31%.
Andrew Meredith and Kevin Lindung are based in Towson, Maryland.
Low Group, a four-person team, is based in Bloomfield Hills, Michigan.
The wirehouse reported new records for net new assets of $105 billion, up 43% from the end of December and an increase of 183% from the same period a year earlier. 'My target is $10 trillion of money under management,' said CEO James Gorman. 'I've told the team internally, they hate that.'
While assets increased, adviser head count at the thundering herd dipped. The company is looking to expand in key markets like San Francisco, Florida and another half-dozen locales.
The decline is expected to continue over the next six months as the bank closes its international wealth management business. The embattled bank recently revised how it tallies its adviser head count total and this year began including about 800 to 900 private bankers and portfolio managers.
Lisa Quadrini moves to Brandywine Oak Private Wealth in suburban Philadelphia.
Four-adviser NorthEnd Private Wealth is launching in Greenville, South Carolina; it is affiliating with LPL via its Strategic Wealth Services offering.
UBS has been hit with a rash of arbitration claims over strategies investors say damaged them, and most recently it saw a wave of investor complaints over Puerto Rico bonds and bond funds.
Jeter, whose teams won five World Series, retired from baseball after the 2014 season and is currently the CEO of the Miami Marlins.
The bank's sale of $5 billion of shares owned by Archegos on March 25, the day before the deluge of block trades by other firms, helped Morgan Stanley emerge largely unscathed from the fund's flameout.
Veteran advisers Kellie Rixse and business partner Jeff Todd make move in Anchorage, Alaska.
Five-person Adapt Partners is joining Rockefeller in San Antonio
Say goodbye to PDF documents and hello to narrated and personalized videos for client accounts.
The Securities and Exchange Commission summoned the banks for hasty meetings on what triggered the forced sale of more than $20 billion of stocks linked to Hwang’s Archegos Capital Management.
In response to employee feedback, the bank is seeking to improve engagement in underrepresented communities and considering allowing employees greater flexibility to work remotely.
Tim Vanderloo is joining Silverleaf Wealth Management, an LPL affiliate in Omaha, Nebraska.
The four-adviser, eight-person Hambleton Fieler Group is based in Cincinnati, Ohio, and will be Rockefeller's first private wealth team in Ohio.
The events of the past year have set in motion several factors that have contributed to a surge of pent-up interest in breaking away.
