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.
About Wendy Leung
Senior Consultant – Wendy's goal is simple: To leverage a comprehensive understanding of the industry landscape today and forces that will change it tomorrow, to guide advisors to opportunities where they can achieve long-term success for their business, clients and families. Learn more...
By Wendy Leung – FinancialPlanning.com – Many advisors cite “improving client service” as the catalyst for a move—but knowing what the real impact will be is critical.
By AdvisorHub Staff – A five-member Knoxville, Tennessee team this week joined UBS Wealth Management USA, exiting Merrill Lynch, where it produced $3.2 million in annual production on $596 million in client assets, according to a source.
Wendy Leung Quoted – By Judy Ward, PlanAdviser – The rapid pace of advisory business merger and acquisition (M&A) deals will continue in 2022, experts say. “The pressures of COVID-19, and the potential change in the capital-gains tax rate, have really driven the outsized amount of activity we’ve seen this year,” says Wendy Leung, senior consultant at Diamond Consultants, a recruiting and business consulting firm for financial advisers, located in Morristown, New Jersey.
Stephen J. Groth, Patrick M. Cummings, Robert Chavez and Katrina R. Stump managed $1B in client assets and were all “Merrill lifers” with a collective 73 years of experience at the firm. But changes both at Merrill and throughout the industry landscape prompted the team to proactively perform due diligence, with the goal of determining whether they were best positioned to service their clients in the future.
For Barry Mitchell, a top UBS breakaway, launching RIA firm Next Level Private was the answer to this question. Because for Barry and his team to become true fiduciaries meant: Being free from any proprietary constraints and with the newfound ability to shop the street for the best possible products, services and price on behalf of their clients. The ability to create a truly bespoke offering designed specifically around what clients need and want.
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.
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.
By Jeff 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.
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.
Recent News & Articles
- Expert Advice for Non-Protocol Moves: What Advisors at Ed Jones and Other Firms Need to Know
- In-Person or Remote: Either Works, but it’s Decision Time
- My IBD was just sold. Now what?
- Investing in Growth: Exploring KKR’s Attraction to $25B+ RIA Beacon Pointe
- Financial Advisors: Is Now the ‘Right Time’ to Start Exploring Your Options?
Subscribe for Updates
Get updated by email when a new article is added.