Mindy Diamond Quoted – By Mason Braswell, AdvisorHub – Morgan Stanley Wealth Management has hired a big Merrill Lynch Private Wealth Management team based in Florida and New Jersey as it adds to the list of multi-million-dollar hires from the rival wirehouse.
Moves in the News
While not all moves we have helped facilitate are mentioned in the media, here are some moves by financial advisors that did receive recognition. Or browse an at-a-glance sample of representative deals…
By Mason Braswell, AdvisorHub – Morgan Stanley Wealth Management continues to flex its recruiting muscle at the expense of rival Merrill Lynch. Todd C. Gray and Rosa M. Quartuci joined Morgan Stanley on Friday in Red Bank, New Jersey, along with client associate Janyve Almanzar last Friday, according to their BrokerCheck registration records.
By Jake Martin, Citywire – Sanctuary Wealth has added former Ameriprise Financial advisor Travis Grieb and his new firm, Centeras Private Wealth, to its partner network. Grieb, who spent the last 14 years with Ameriprise, will launch his new business in Portsmouth, New Hampshire.
By Ian Wenik, Ctiywire – A family of advisors formerly affiliated with Oppenheimer & Co. has broken away to start a TruClarity Management Solutions-backed RIA. Jonathan Nadler, along with daughter Jessica Demler and son-in-law Masahiro Yamazaki, have exited to start Oxler Private Wealth in New York City. The trio managed roughly $421m in client assets while affiliated with Oppenheimer, TruClarity said.
By Andrew Welsch, OnWallStreet – Stifel signed on two teams managing more than $450 million in combined assets to staff two new branch offices, according to the firm, furthering the regional broker-dealer’s aggressive hiring streak in recent months.
By Mason Braswell, AdvisorHub – Transcend Wealth Collective, a registered investment advisory firm founded last year by a former Merrill Lynch complex manager, a former New York Stock Exchange and a former high-yield fund manager, has landed another Merrill veteran. Andrew Moss, who worked at the wirehouse in Bloomfield, MI, for 26 years, joined Transcend earlier this month to open the New Jersey-based firm’s second office in Birmingham, MI.
By Mason Braswell, AdvisorHub – Morgan Stanley on Friday landed Merrill Lynch teams managing about $4.4 billion in New York and $400 million in Florida, part of a hiring haul that added dozens of advisors and staff to its national roster ahead of the weekend, according to people familiar with the moves.
By AdvisorHub Staff – Rockefeller Capital Management oiled its recruiting engine ahead of the Labor Day weekend, landing a $900 million-asset team in northern California from Merrill Lynch on Friday and two UBS teams in Houston, Texas and Scottsdale, Arizona.
By InvestmentNews – A team of advisers that managed $1.2 billion in client assets at UBS in Overland Park, Kansas, is joining Raymond James & Associates, the broker-dealer’s employee adviser channel.
By Jake Martin, Citywire – Sanctuary Wealth has widened its footprint in the upper Midwest with the addition of Fjell Capital, a two-person team based in Fargo, North Dakota, to its advisor network. Led by Tom Stadum, the team was formerly affiliated with UBS and has about $150m in assets under management.
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