Broker-Dealer M&A Picks Up. Don’t Pop The Champagne Just Yet
Louis Diamond Quoted – By Larry Roth, WealthSolutions Report – Four Summer Deals By LPL, Atria And Cetera Have The Industry Abuzz.
Former Merrill star manager Oden jumps to HSBC
Louis Diamond Quoted – By Bruce Kelly, InvestmentNews – Big banks can struggle when they’re trying to figure out a wealth management strategy that works for everyday retail investors.
Shirl Penney hands over ‘front end of the house’ to Andrew Marsh as Dynasty does post-$100-million raise, post-IPO withdrawal and post-Schwab partnering reboot
Louis Diamond Quoted – By Brooke Southall , RIABiz – Dynasty Financial Partners hired an RIA coach in April, and now it’s dragging him out of retirement, handing him the controls of the ‘front-end’ and applying his advice to reboot the Mothership.
UBS’s Cost Cuts Dampen Brokers’ Expense Budgets
Louis Diamond Quoted – By Miriam Rozen, AdvisorHub – “The lack of an ability to hire support staff, even if the advisors want to and take it on their own expenses is a major problem,” said Louis Diamond, a recruiter who has helped advisors exit UBS. “We hear about that all the time.”
Goldman PFM Advisors in Dallas Decamp for Dynasty RIA, Regional B-D Hilltop
By Mason Braswell, AdvisorHub – At least four advisors with Goldman Sachs’ Personal Financial Management unit have hit the exit amid its sale of the $29 billion-asset unit to advisory firm Creative Planning.
Transition Announcement: $5.5B UBS Mega-Team Leaves for RBC
One of the top teams in the industry, led by the largest female advisor at UBS, Leslie Lauer, moves to RBC Wealth Management.
RBC snags giant $5.5 billion team from UBS in Atlanta
By Bruce Kelly, InventmentNews – The ESOP Group, founded in 1989, specializes in working with business owners on the sale of their businesses.
UBS Loses $5.5 Billion Advisor Team to RBC
By Andrew Welsch, Barron’s – RBC Wealth Management made its biggest team hire ever, picking up what the firm describes as a “powerhouse” group of advisors from UBS that oversaw $5.5 billion in client assets.
Breaking: RBC Notches Its Largest Hire With $22 Million UBS Team in Atlanta
Louis Quoted By Karmen Alexander and Mason Braswell, AdvisorHub – The team was one of the top by production at UBS, but they came to believe the wirehouse “no longer prioritized” their niche, according to Louis Diamond, an industry recruiter with Diamond Consultants.
Transition Announcement: Rockefeller Lands $850mm ESG-Focused UBS Team
In building a business guiding a select group of ultra-high net worth families, Angela Mwanza, Jordon Powell, and their team found they were limited at UBS when it came to ESG investing and serving the additional needs of their clients.
