By Alex Padalka, Financial Advisor IQ – Sanctuary Wealth says it has helped yet another team of Merrill Lynch financial advisors go independent. Raleigh, N.C.-based RHA Wealth includes managing directors John Rumsey, Robert Hartinger and Clark Abbott and registered senior wealth associate Ashley Rushin, Sanctuary says. The group manages roughly $250 million, according to the firm.
By Asia Martin, WealthManagement.com – Blue Bell, Penn. has a new registered investment advisor in town. Dynasty Financial Partners announced Tuesday it helped a former Merrill Lynch team that managed $1.2 billion in client assets, and generated $6.1 million in revenue, launch Amplius Wealth Advisors.
By Investment News – A four-adviser team managing $1.25 billion at Merrill Lynch has left the wirehouse to form Amplius Wealth Advisors in Blue Bell, Pennsylvania. The new firm has affiliated with Dynasty Financial Partners.
By Ian Wenik, Citywire – A quartet of ex-Merrill Lynch advisors in Pennsylvania have broken away from the wirehouse to set up their own independent RIA with Dynasty Financial Partners’ assistance. Samuel Liebman, Matt Liebman, Aaron Marks and Patrick Swift have launched Amplius Wealth Advisors in the Philadelphia suburb of Blue Bell. The four advisors bring over four additional support staffers and were previously known as the Liebman Marks Group while at Merrill.
Mindy Diamond Quoted – By Mason Braswell, AdvisorHub – Morgan Stanley Wealth Management has hired a big Merrill Lynch Private Wealth Management team based in Florida and New Jersey as it adds to the list of multi-million-dollar hires from the rival wirehouse.
By Mason Braswell, AdvisorHub – Morgan Stanley Wealth Management continues to flex its recruiting muscle at the expense of rival Merrill Lynch. Todd C. Gray and Rosa M. Quartuci joined Morgan Stanley on Friday in Red Bank, New Jersey, along with client associate Janyve Almanzar last Friday, according to their BrokerCheck registration records.
By Andrew Welsch, OnWallStreet – Stifel signed on two teams managing more than $450 million in combined assets to staff two new branch offices, according to the firm, furthering the regional broker-dealer’s aggressive hiring streak in recent months.
By Mason Braswell, AdvisorHub – Transcend Wealth Collective, a registered investment advisory firm founded last year by a former Merrill Lynch complex manager, a former New York Stock Exchange and a former high-yield fund manager, has landed another Merrill veteran. Andrew Moss, who worked at the wirehouse in Bloomfield, MI, for 26 years, joined Transcend earlier this month to open the New Jersey-based firm’s second office in Birmingham, MI.
By Mason Braswell, AdvisorHub – Morgan Stanley on Friday landed Merrill Lynch teams managing about $4.4 billion in New York and $400 million in Florida, part of a hiring haul that added dozens of advisors and staff to its national roster ahead of the weekend, according to people familiar with the moves.
By AdvisorHub Staff – Rockefeller Capital Management oiled its recruiting engine ahead of the Labor Day weekend, landing a $900 million-asset team in northern California from Merrill Lynch on Friday and two UBS teams in Houston, Texas and Scottsdale, Arizona.
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