Transition Announcement: $1B Merrill Team Leaves for Regional Firm
Transition Announcement: $1B Merrill Team Leaves for Regional Firm
Transition Announcement: $850mm UBS Advisor Breaks Away For Independence
Transition Announcement: $850mm UBS advisor Breaks Away For Independence. Top Advisor Barry Mitchell launches RIA Next Level Private.
Merrill Lynch Loses $1 Billion Team To RBC
By Sabrina Escobar, Barron’s – An eight-person advisor team managing $1 billion in client assets became the latest to break away from the thundering herd, joining RBC Wealth Management’s Pacific Northwest complex. The team, which calls itself Inter Alia, is composed of advisors Stephen Groth, Patrick Cummings, Robert Chavez, and Katrina Stump, and client associates Susan Junell, Mimi Jue, Deborah Jenkins, and Rachel Akerson.
Team of Merrill Lifers with Billion-Dollar Book Jumps to RBC in Oregon
By AdvisorHub Staff – Four career Merrill Lynch brokers who had spent a total of 73 years at the “thundering herd” left on Friday for RBC Wealth Management-U.S. in Portland, Oregon, punctuating ongoing attrition at the wirehouse.
Firm Breaks Away From UBS to Start $850M Indie RIA
By Justin Berman, Think Advisor – An eight-person, Harrison, New York-based advisory firm with $850 million in assets under management has broken away from UBS to become an independent RIA.
Former UBS Advisor Launches N.Y. Independent RIA With $850M AUM
By Joyce Blay, Financial Advisor Magazine – Financial advisor Barry Mitchell has launched Next Level Private, an independent registered investment advisor (RIA) in Harrison, N.Y., with $850 million in client assets, according to a news release.
The ultimate question for advisors: ‘Should I stay or should I go?’
Wendy Leung Quoted – By Katie Kuehner-Hebert, Proactive Advisor Magazine – The COVID-19 pandemic has spurred a wave of financial advisors calling it quits, or at least finally giving serious consideration as to how to go about properly transitioning their firms either to the next generation or to another firm.
Wirehouse Exit: $850 Million Team Quits UBS to Launch RIA
By Andrew Welsch, Barron’s – A top-ranked UBS financial advisor and his team, which oversaw $850 million in client assets, have left the wirehouse to open an independent firm, prompted to do so because of increasing client demand for fiduciary-level advice, the advisor says.
Why Settle for “Good Enough” When Great is Possible?
By Wendy Leung, WealthManagement.com – In a vastly expanded industry landscape with more high-quality options than ever before, some advisors settle for “good enough” when the potential for “great” is often within reach. What’s holding them back?
RIA, IBD or somewhere in between: Which version of independence is right for you?
By Wendy Leung, ThinkAdvisor – As the interest in attaining freedom, flexibility and control continues to surge among advisors, new independent models are being born at a rapid pace to accommodate them, providing more choice than ever before.
