Merrill Lifer With $130-Mln Book Joins LPL’s Employee Channel
By Lisa Fu, AdvisorHub -LPL Financial has lured in another Merrill broker, this time to its burgeoning employee channel, Linsco, according to an announcement on Wednesday.
An Advisor’s Guide to Termination: A Proactive Approach to Protecting Your Life’s Work
By Wendy Leung, AdvisorHub – In today’s heightened regulatory environment, risk reduction is often a firm’s top priority—making advisors more vulnerable than ever before.
Goldman Sachs’ Custody Unit Signs $1B Breakaway Team from Merrill
By Amey Stone, Barron’s – A new independent registered investment advisor firm has formed in Beverly Hills, Calif. It is notable because of who it is custodying with: Goldman Sachs Advisor Solutions (GSAS).
Transition Announcement: $1B Merrill Breakaways Opt for New Goldman Sachs Custody Platform
Beverly Hills Private Wealth is the first significant Breakaway team to choose Goldman Sachs custody platform for their newly-launched RIA firm.
Goldman Sachs enters breakaway RIA biz with $1bn Merrill team
By Ian Wenik, Citywire – Goldman Sachs is getting into the RIA breakaway business. The storied investment bank and startup RIA custodian has revealed that it is providing custodial services to Beverly Hills Private Wealth, a new breakaway RIA in the tony Los Angeles suburb of Beverly Hills, Calif. led by a trio of former Merrill Lynch advisors.
Transition Announcement: Merrill Advisors Team Up to Build $1B AUM firm with Sanctuary
Two Merrill teams managing more than $1B unite to create independent firm Auric Capital Partners with Sanctuary Wealth.
Merrill Teams With $1 Bln Jump to Sanctuary, $330-Mln Morgan Stanley Team Signs with FiNet
By Jake Martin and Mason Braswell, AdvisorHub – The breakaway movement holds strong as two teams Merrill Lynch teams and another from Morgan Stanley have left to launch practices affiliated with Sanctuary Wealth and and Wells Fargo Advisors Financial Network.
Merrill Lynch Advisors With $1 Billion Exit to Join Sanctuary Wealth
By Andrew Welsch, Barron’s – Two advisor teams that oversaw more than $1 billion at Merrill Lynch jumped to Sanctuary Wealth, an independent broker-dealer and registered investment advisor that has helped dozens of their wirehouse peers go indie.
The Path to Independence: 6 Key Elements to Consider Before Starting Your Journey
By Wendy Leung, WealthManagement.com – Many advisors dream of going independent for the freedom and flexibility to control their business, client service model, and bottom line. And the path to independence used to be simple—for most breakaway advisors, it was a straight line from an employer to an independent broker dealer (“IBD”).
How a bear market will affect advisors who want to switch firms
Wendy Leung Quoted – By Jameson Berkow, The Globe and Mail – Switching dealers may prove more challenging for advisors amid the threat of a long-term bear market.
