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 Mindy Diamond, WealthManagement.com – I’m betting that the chorus of “Should I Stay or Should I Go,” the 1982 song by The Clash, has come to mind for every Barclays-affiliated advisor over the past several months. When Stifel Financial announced its intent to acquire Barclays’ 180+ advisor wealth management unit, the news sent shockwaves throughout the advisor world.
Mindy Diamond Quoted – By Megan Leonhardt, WealthManagement.com – Over 20 percent of Barclays advisors have departed since Stifel Financial announced it would acquire the U.K. bank’s wealth management unit in early June. And yet, Ron Kruszewski, the St. Louis-based firm’s chief executive, remains upbeat.
How exactly five ex-Barclays advisors and one analyst across three time zones combined to make a $3 billion RIA
Mindy Diamond Quoted – By Lisa Shidler, RIABiz – A former senior research analyst at Barclays Wealth Management has orchestrated one of the biggest — and almost certainly the most complex — breakaways of the year. The result: Five advisors spread across San Francisco, Chicago and New York — plus the analyst himself — have formed an RIA with a potential $3 billion in assets and is now using Dynasty Financial Partners.
Barbara Herman Quoted – By Andrew Welsch, OnWallStreet – Since announcing a deal to sell its U.S. wealth management operations to Stifel, Barclays has lost advisors to rival firms such as Merrill Lynch and Morgan Stanley.
Mindy Diamond Quoted – By Michael Wursthorn, The Wall Street Journal – As Barclays PLC’s U.S. wealth advisers mull a deal to join Stifel Financial Corp. , several have left to join Merrill Lynch recently.
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