RIA Roundup: New Deals, Roles and Grads
By Ali Hibbs, WealthManagement.com – Cedarwood Financial Partners Jumps to Commonwealth from Edward Jones.
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…
Commonwealth Recruits Advisors With $1 Billion From Edward Jones
By Andrew Welsch, Barron’s – Commonwealth Financial Network, a hybrid RIA and independent broker dealer, recruited a group of advisors from Edward Jones who oversee nearly $1 billion in client assets, according to the independent broker-dealer.
Transition Announcement: Edward Jones Advisors with $1B AUM Break for Independence with Commonwealth
This group of Edward Jones advisors recognized that independence was the path most aligned with their values and vision for the future. And when it came to selecting the right partner, Commonwealth was a clear standout.
Transition Announcement: $1B Father and Son Team Leave UBS for Independence
After two rounds of careful due diligence, UBS advisory team Roy Gutierrez and son David came to the conclusion that both of their futures, their clients, and their business could be better served in independence.
Merrill Scoops Up $1B Citi Private Bank Team; First Republic Nabs $1.25B Wells Team
By Jake Martin, AdvisorHub – A four-advisor Citi Private Bank team managing $1 billion in client assets in Connecticut and New York has decamped for Merrill Lynch, according to a source familiar with the move.
How a $1B father-son team in Arkansas left UBS for full independence
By Victoria Zhuang, FinancialPlanning.com – Financial advisors looking to go independent usually spend anywhere from a few months to a year planning their move. For one father-son team leaving UBS, it’s been a nearly decade-long process.
Father-Son Team Leaves UBS to Start Independent Practice With TruClarity
By Ali Hibbs, WealthManagement.com – A father-son team overseeing nearly a billion in assets at UBS has jumped ship to establish an independent practice with help from TruClarity Management Solutions, a consulting firm and service provider for breakaway advisors establishing independent wealth management practices.
Transition Announcement: Career-Merrill Team Chooses Sanctuary’s Model of Independence
Independence answered this pair’s requirement to gain freedom, control and ownership over their business with the benefit of a turnkey start-up and support—allowing them to focus on serving their high net worth clients, including professional athletes and coaches.
Transition Announcement: $650mm Merrill Team Opts for Independence with Kestra PWS
With Kestra Private Wealth Services (PWS), Matt West and David Combs found a team of people with the experience and expertise to help them break away from the wirehouse space and successfully assist the team in launching Canton Wealth Partners in Roswell, GA
Sanctuary Plucks $2.4-Mln Team of Merrill Lifers with Pro Athlete Book
By AdvisorHub Staff, AdvisorHub – Indianapolis-based independent broker-dealer Sanctuary Wealth has added its first team in Wisconsin with the hire of a Merrill Lynch team that had managed around $400 million in assets.
