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.
Mindy Diamond Quoted – By Mason Braswell and Vicky Ge Huang, AdvisorHub – UBS Wealth Management USA continued its campaign to selectively recruit to fill empty seats as it hired three brokers with $2.4 million in production from SunTrust Investment Services, Fidelity Investments and Merrill Lynch. In Franklin, a suburb of Nashville, Tennessee, UBS hired Shaun Rowles, who was producing around $1 million in annual revenue and oversaw $157 million in client assets, according to a person familiar with the move.
By Erika Wheless, Financial Planning – Raymond James snapped up five former Merrill Lynch advisors who managed a collective $515 million in client assets, according to the firm. All five cited Raymond James’ technology platform as motivation for making the career change.
By Jacqueline Sergeant, FA Magazine – Five former Merrill Lynch advisors who collectively managed $515 million have joined Raymond James & Associates’ employee advisor channel in Burlington and Boston, Mass., according to a company release. The advisors – Eric Hobin, Jiles Robinson, Antonio Sordillo, Jason Whittier and Kristen Ragusin – continue RJA’s expansion in the Northeast and will become part of RJA’s Southern New England Complex led by Bill Drew, the release said.
By Mason Braswell, AdvisorHub – Two lifetime Merrill Lynch brokers in Alexandria, Virginia, who said they had been generating around $7.5 million in annual revenue have affiliated with Raymond James Financial as independent contractors.
AdvisorHub Staff – Rockefeller Capital has added two more wirehouse notches to its widening belt, recruiting a $1.5 billion-asset team from Morgan Stanley Private Wealth in New York and a Philadelphia-area team from Merrill Lynch Wealth Management servicing about $500 million of client assets, according to sources.
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