BusinessWire – First Republic Bank, a leading private bank and wealth management company, today announced that Max Peckler has joined First Republic Investment Management in Boston. Peckler was named Managing Director and Wealth Manager. He will provide portfolio management, retirement planning, investment consulting an
By Mason Braswell, AdvisorHub – The veteran broker recruiting market showed no signs of cooling off this fall as First Republic Bank’s private wealth unit on Friday landed a $7.5 million solo practitioner from UBS Wealth Management USA in Boston, according to two sources familiar with the move.
By Mason Braswell, AdvisorHub – A three-broker Merrill Lynch team that had generated around $3.1 million in trailing-12 month revenue in Wisconsin left the wirehouse on Tuesday to join Steward Partners, an independent firm that clears through Raymond James Financial Services.
By Andrew Welsch, OnWallStreet – Steward Partners hired a former Merrill Lynch team managing $160 million in client assets, the firm said. It’s the latest in a string of hires for the independent firm, which was founded by former wirehouse managers in 2013 and is affiliated with Raymond James. So far this year, Steward Partners has recruited 19 advisors and opened six offices. The Washington, D.C.-based firm now has more than 100 advisors operating from 21 locations.
By Ian Wenik, Citywire – The $13 billion hybrid RIA has hired Kevin Taube away from the wirehouse to work in its Manchester, N.H. office. Taube had worked for Merrill Lynch since 2006, running a practice that he estimated to be 99% fee-based.
By Ian Wenik, Citywire – Rockefeller Capital Management has added a five-advisor team from Merrill Lynch. Dallas-based advisors Neil Rubenstein, James Sandfort, Anna Gorman, Ryan Barcena and Michael Buss have all joined the Viking Global Investors-backed firm, according to their Financial Industry Regulatory Authority (Finra) BrokerCheck profiles. The five advisors operated under the RSA Group brand name while at Merrill.
By Michelle Abrego, Citywire – Independent network Sanctuary Wealth has added a Merrill Lynch breakaway team with $275 million in client assets.
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 Andrew Shilling, OnWallStreet – HighTower has acquired two LPL Financial advisors with $150 million in combined client assets. Managing director and now partner Melissa Duffy has joined the firm with advisor Paige Todorich at Portland, Maine-based Simmons Wilkes Investment Advisors. That brings the group’s total corporate, family and individual assets to nearly $650 million, according to the firm.
By Janet Levaux, ThinkAdvisor – In mid-July, HighTower said former UBS advisor Michelle Murray had moved her team, which manages $200 million in assets, to the partnership.
