Louis Diamond Mentioned – By Andrew Foerch, Citywire – NorthEnd Private Wealth is the first wirehouse breakaway group to join LPL Financial’s Strategic Wealth Services platform in 2021. Josh Brown, Scott Thompson, Joel Gray and James Cluverius Jr. formed the independent practice after leaving Merrill Lynch, where they report managing a combined $650m in advisory, brokerage and retirement plan assets. An LPL representative said they are the sixth group to join LPL’s advisor affiliation model, which launched last year.
Louis Diamond Quoted – By Jake Martin, AdvisorHub – A four-broker team in Greenville, South Carolina has left Merrill Lynch to launch an independent practice affiliated with LPL Financial’s fledgling Strategic Wealth Services model for wirehouse breakaways. The group, which moved on Thursday and is called NorthEnd Private Wealth, includes William Joshua (Josh) Brown, Scott Thompson, Joel Gray and James “Jake” Cluverius, Jr. They moved with their administrative assistants Jeannie Fowler and Ashley Thomason.
By Jake Martin, AdvisorHub – A solo advisor who had built a $279 million book as a broker at Merrill Lynch and other large brokerage firms has left the wirehouse world to start his own practice affiliated with Raymond James Financial in Ponte Vedra Beach, Florida.
By Mason Braswell, AdvisorHub – Merrill Lynch has lost two top-ranked brokers in metropolitan New York City, extending a round of recent departures. In the other move of a Forbes-ranked Merrill broker, Robert A. Bezzone has joined Transcend Wealth Collective, a New Jersey RIA co-founded in 2019 by an ex-Merrill complex manager.
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.
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