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.
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 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.
By Erika Wheless, Financial Planning – Raymond James snapped up five former Merrill Lynch advisors who managed a collective $515 million in client assets, according to the firm. All five cited Raymond James’ technology platform as motivation for making the career change.
By Jacqueline Sergeant, FA Magazine – Five former Merrill Lynch advisors who collectively managed $515 million have joined Raymond James & Associates’ employee advisor channel in Burlington and Boston, Mass., according to a company release. The advisors – Eric Hobin, Jiles Robinson, Antonio Sordillo, Jason Whittier and Kristen Ragusin – continue RJA’s expansion in the Northeast and will become part of RJA’s Southern New England Complex led by Bill Drew, the release said.
Mindy Diamond Mentioned – By Ann Marsh, OnWallStreet – Ahmie Baum knows something about transitions. After all, the longtime ex-UBS advisor who began his wirehouse career at E.F. Hutton in 1979 has been counseling clients on how to “navigate the known and the unknown” when they sell their businesses or retire from executive, medical or legal careers for 40 years.
By Joyce Blay, FA Magazine – Wealth advisor Ahmie E. Baum has partnered with Dynasty Financial Partners to launch new independent RIA Interchange Capital Partners in Pittsburgh, the companies announced earlier this week.
Diamond Consultants Mentioned – By Vicky Ge Huang, AdvisorHub – UBS Wealth Management, Wells Fargo Advisors and Merrill Lynch lost veteran brokerage teams cumulatively managing over $1 billion in client assets in the past few days to non-wirehouse rivals.
By Ian Wenik, Citywire – Dynasty Financial Partners has launched its second RIA in a three-day span. The middle and back-office service provider said Thursday that it has partnered with new Pittsburgh-based Interchange Capital Partners, a seven-person ex-UBS team.
By Ross Snel, Barron’s – A financial advice team that managed $1.2 billion at UBS has taken the leap to independence with the assistance of Dynasty Financial Partners. So reports WealthManagement.com, which writes that the new firm will be called Cyndeo Wealth Partners. The name comes from the Greek word syndeo, which means “connect.”
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