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.
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…
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.
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.
RBC Recruits Father-Son Team From Merrill Lynch With $500M In Assets
By Jacqueline Sergeant, Financial Advisor Magazine – A longtime Merrill Lynch father-son team with $500 million in assets has left to join RBC Wealth Management in Chicago, according to a news release.
42-Year Merrill Lifer and Son Move Their $500-Mln AUM Team to RBC
By Miriam Rozen, AdvisorHub – RBC Wealth Management on Thursday nabbed a Chicago-area Merrill Lynch Wealth Management father-son team that managed more than $500 million in client assets, according to an RBC spokesperson.
Duo managing $740 million join LPL’s employee channel
By Investment News – Kyle Smith and Michael Sandlin, who managed $740 million at Truist Investment Services in Raleigh, North Carolina, have joined Linsco, the employee channel of LPL Financial.
Wire Wars: Wells Nabs $7-Million Team Led by 30-Year UBS Vet in Newport Beach
By Jake Martin, AdvisorHub – Wells Fargo Advisors on Wednesday pulled from UBS Wealth Management USA a 10-person team that had been generating $7 million in annual revenue at the wirehouse, a spokeswoman for Wells confirmed.
