Satisfying an Advisor’s Quest for Independence as an Employee
By Allison Brunwasser, ThinkAdvisor.com – For many advisors, independence is just a bridge too far—but greater autonomy and control are often closer than they realize.
$3.1-Mln Merrill Team Shifts to Steward in Wisconsin
By Mason Braswell, AdvisorHub – A three-broker Merrill Lynch team that had generated around $3.1 million in trailing-12 month revenue in Wisconsin left the wirehouse on Tuesday to join Steward Partners, an independent firm that clears through Raymond James Financial Services.
The Friend Factor: Should You Join Another Firm Just Because Your Friend Did?
By Allison Brunwasser, WealthManagement.com – While another advisor’s move may sound great, the reality is that every advisor’s business, clients, and vision for the future look different—and what works for them, may not work for you.
$375m UBS team launches Summit-backed RIA
By Andrew Foerch, Citywire – A UBS breakaway team has formed an independent wealth management firm in Farmington Hills, Mich. with backing from Summit Financial. Vardhan Wealth Management is led by founder Monish Verma, who spent 12 years at UBS as senior vice president of wealth management and 14 years before that at Morgan Stanley Smith Barney as vice president of investments. Joining him at Vardhan are Renee Wahl as director of operations and Kory Frost as director of planning and strategy. The group had a book of $375m at UBS, according to Summit.
RHA Wealth Joins Sanctuary Independent Network With $250M AUM
March 30, 2021
By Joyce Blay, Financial Advisor Magazine – RHA Wealth, an independent practice based in Raleigh, N.C., has joined the Sanctuary Wealth network, the companies recently said in a news release. The young team, consisting of Managing Directors John Rumsey, Robert Hartinger and Clark Abbott, and supported by registered Senior Wealth Associate Ashley Rushin, was formerly with Merrill Lynch, where members managed approximately $250 million in client assets.
Merrill $250M FA Team in N.C. Goes Indie with Sanctuary
By Alex Padalka, Financial Advisor IQ – Sanctuary Wealth says it has helped yet another team of Merrill Lynch financial advisors go independent. Raleigh, N.C.-based RHA Wealth includes managing directors John Rumsey, Robert Hartinger and Clark Abbott and registered senior wealth associate Ashley Rushin, Sanctuary says. The group manages roughly $250 million, according to the firm.
Optionality Under One Roof: For Advisors Who Aren’t Quite Ready for Independence
By Allison Brunwasser – The idea of joining a firm and being able to choose how you affiliate with them at each phase of your career is gaining popularity. With one firm and one platform, advisors can transfer from an employee model to an independent model all under the same roof—with little disruption to their clients and their team.
How Are So Many Advisors Moving During the Covid-Crisis?
By Allison Brunwasser, ThinkAdvisor.com – Despite the persistent challenges the pandemic has brought, the desire among advisors to best serve their clients and grow their businesses remains strong. And firms looking to attract top talent are motivated to make whatever changes necessary to showcase their capabilities, conduct home office visits and complete transitions.
Bank Advisors: Are you willing to take a step backward to make a big leap forward?
By Allison Brunwasser – Many young advisors start their careers in wealth management at bank branches—roles which often come complete with a steady flow of referrals. It’s a great place to launch a career as it provides a way to learn the ropes and build a book of business. Yet it’s important to understand that along with all the early potential comes some strong restrictions.
Rockefeller adds five ex-Merrill advisors in Dallas
By Ian Wenik, Citywire – Rockefeller Capital Management has added a five-advisor team from Merrill Lynch. Dallas-based advisors Neil Rubenstein, James Sandfort, Anna Gorman, Ryan Barcena and Michael Buss have all joined the Viking Global Investors-backed firm, according to their Financial Industry Regulatory Authority (Finra) BrokerCheck profiles. The five advisors operated under the RSA Group brand name while at Merrill.
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