By Yueqi Yang, OnWallStreet – On a long-running recruiting spree, RBC has added a five-people team managing $350 million in assets from Merrill Lynch, according to RBC Phoenix complex director Glen Hatch. The Swinn Toll Wealth Management Group joined the firm’s Las Vegas branch on August 31. It is comprised of advisors Cason Swinn, husband-and-wife Daniel and Tahirih Toll, and associates Laura Moulin and Ana Bergevin.
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…
Mindy Diamond Quoted – By Sarah Martinson, OnWallStreet – Despite a planned recruiting slowdown, Merrill Lynch continues to land new teams. The firm’s newest hires, who oversaw $1 billion team in client assets, come from rival UBS and follow on the heels of an equally large hire.
By Andrew Welsch, OnWallStreet – A UBS team that managed about $150 million has gone independent with Raymond James, according to the firm. The newly independent firm, named Great Lakes Wealth, became affiliated with Raymond James Investment Advisors Division, which provides custodial and support services to RIAs.
May 10, 2016 – PRNewswire – HighTower announces that DSG Wealth Management has joined the HighTower community. Based in Minneapolis, Minn., the team oversees approximately $315 million in assets. Managing Director and Partner Denver Gilliand leads the team, which was previously with Merrill Lynch’s Private Banking and Investment Group, and also includes Senior Client Wealth Associate Kayleen Schultz and Client Wealth Associate Kari Jadwin.
By Nicholas Yeap, OnWallStreet – UBS advisors, who oversaw $125 million in client assets, have left the wirehouse to launch a practice with HighTower, says the firm’s spokewoman. Chris Ure and Al Martinez joined HighTower as managing directors in Boca Raton, Fla. The team is High Tower’s third this year and second in Florida, according to the firm.
By Andrew Welsch, OnWallStreet – A team producing $4.2 million has joined Morgan Stanley. The team, known as the Bogart Group, left RBC Wealth Management-U.S. to join Morgan in McLean, Va., last month, a firm spokeswoman said. The group had been managing $622 million in assets while at RBC.
By Andrew Welsch, OnWallStreet – Former Barclays advisor James Fitzgerald joined Morgan in New York. While at the British firm he generated more than $1 million in annual production and oversaw $960 million in client assets, according to Morgan. He reports to Complex Manager Ben Firestein.
By Andrew Welsch, OnWallStreet – A fifth advisor moving to UBS, Mark Hutchinson, joined the firm’s Chicago office from Credit Suisse. Hutchinson oversaw $320 million in client assets and had an annual production of $2.23 million while at the firm, according to the UBS. Hutchinson will report to UBS’ Chicago private wealth management market head Mike Gatewood, and focus on ultrahigh-net worth clients.
By Marlene Y. Satter, ThinkAdvisor – Advisory firm D.B. Root & Co. went the independent route, leaving behind Commonwealth Financial Network and joining Dynasty Financial Partners. Charles Stout, senior advisor; David Hoffmann, vice president; Steve Kohler, senior financial advisor; Michael Aroesty, financial advisor; Lynn Hoffay, CPA; and nine support staff members also joined from Commonwealth.
By Ralph Ortega, OnWallStreet – A team that managed $370 million in client assets at Merrill Lynch has left the wirehouse to join Stifel, a spokeswoman for the firm said. Sonny Skinner, Mark Causey, Everett Nix, Steve Hagood and Will Humber left Merrill to open a new office for Stifel’s private client group in Tuscaloosa, Ala. Skinner also serves as a branch manager.
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