April 25, 2018 – Wendy Leung, Moves in the News – By Amanda Schiavo, OnWallStreet – Last week, Stifel picked up an advisor managing nearly $300 million from Janney Montgomery Scott. The newest hires, advisors Ken Miller and husband-and-wife duo Tony and Bianca Urdes, joined the regional brokerage firm in Portland, Oregon. The team’s clients include early stage investors and ultrahigh-net-worth individuals.
March 7, 2018 – Debbie Wallen Mentioned – By Tobias Salinger, Financial Planning – Securities America nabbed two more practices from National Planning Holdings to bring its total haul from NPH to more than 215 advisors with $8 billion in client assets following the LPL Financial deal. A major hybrid RIA practice with Securities America also added a sole practitioner from LPL as part of three moves consisting of 20 advisors managing a combined $716 million, the firm announced this week. The suburban Omaha, Nebraska firm constitutes the ninth-largest independent broker-dealer.
January 18, 2018 – Cathy Nichols, Moves in the News – By Sean Allocca, Financial Planning – Focus Financial inked another big-figure deal after a blockbuster 2017 that netted more than two dozen RIAs, according to the firm. The Cornerstone Wealth Group, formerly with LPL Financial, advises on $1.3 billion in client assets and manages $800 million, according to CEO and managing partner Craig Rubrecht.
June 2, 2017 By Sarah Martinson 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. Advisers Joseph Gabriele and Paul Vasady-Kovacs joined Merrill Lynch’s New York […]
July 12, 2016 – 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 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 […]
April 18, 2016 By Nicholas Yeap 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, […]
November 17, 2015 By Andrew Welsch 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. Fitzgerald started his career at Lehman Brothers in […]
November 10, 2015 By Andrew Welsch 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 […]
October 8, 2015 As reported on 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 […]
Recent News & Articles
- Mindset, Motivation and Momentum: What’s really driving all the movement to independence – David Canter, Head of Fidelity’s RIA Segment
- Why Advisors and Their Affluent Clients are No Longer Looking the Other Way When it Comes to Independence
- Six Recruiting Changes You Should Not Ignore
- HighTower gets a new CEO, to be revealed later, as Elliot Weissbluth moves upstairs
- Multi-Generational Teams at a Crossroads: Wirehouse Sunset Program or Independence?