Valen Private Capital Latest Merrill Breakaway to Join Sanctuary Wealth
AdvisorHub – John Durham, former wirehouse advisor managing $477 million launches independent firm serving ultra-high-net-worth families
AdvisorHub – John Durham, former wirehouse advisor managing $477 million launches independent firm serving ultra-high-net-worth families
By Andrew Welsch, Barrons – the wealth management unit of Bank of America hired three former UBS advisors: Robert Procaccianti, Jared Tack, and Doug Bennet. The trio signed on with Merrill in Providence, R.I.
Louis Diamond, Quoted By Alex Ortolani, WealthManagement.com – Inside OpenArc’s $129B transition from Merrill to independence, a milestone move reflecting how top teams are redefining the RIA landscape.
By Andrew Cohen, InvestmentNews – Amid the ongoing legal fallout of OpenArc’s breakaway move from Merrill Lynch, Dynasty CEO Shirl Penney contends the $129 billion mega-team’s decision represents a “watershed moment” of momentum for the independent RIA model over wirehouses.
By Karmen Alexander, AdvisorHub – In the largest of the moves, Brian T. Whitney joined Wells’ private client group on Friday in Los Angeles, according to the spokesperson. He produced almost $1.7 million in annual revenue from $400 million in assets, the spokesperson said.
We’re proud to share that one of the industry’s largest and most decorated advisor teams has made the leap to independence, launching OpenArc Corporate Advisory, a new national firm based in Atlanta, GA.
By Business Wire – OpenArc Corporate Advisory Launches to Reshape Corporate Benefits and Family Wealth Advisory
By David Wignall, Barron’s – Two veteran financial advisors who oversee $1.2 billion in client assets have left UBS to establish an independent practice affiliated with Sanctuary Wealth. Their departure adds to a list of advisor defections this year at Switzerland’s largest bank.
By Ali Hibbs, AdvisorHub – Sanctuary Wealth, an Indianapolis-based independent broker-dealer and advisory firm, has added another team of UBS Wealth Management USA breakaways, according to an announcement on Friday.
By Alec Rich, CityWore – Composition Wealth, the $9.5bn Los Angeles RIA formerly known as Miracle Mile Advisors, scooped up a pair of firms on Wednesday across two states.