Slideshows

Advisors on the Move: Cambridge Snags $500 Million Team

Also: A Merrill breakaway team joins HighTower, Burnham Gibson expands and a Wells Fargo breakaway signs with Dynasty. Here's a roundup of some of the most recent moves among independent financial advisors.

Half-billion Team Leaves AXA for Cambridge


February 24, 2014


Cambridge Investment Research has added a five person advisor team from AXA Equitable Financial Services. The team is comprised of five people with nearly half a billion dollars in assets under management and $2.6 million in annual production. Robert O’Braitis, president and chief investment strategist of the group, says frustrations with the structure of AXA’s compensation plan were the primary reason for the move.


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Half-billion Team Leaves AXA for Cambridge

$300M Merrill Breakaway Team Joins HighTower


February 24, 2014


HighTower has added RJ Wealth Management to their New York office. Husband and wife Jeffrey Vogel and Ruth Berger come from Merrill Lynch, where they had assets under management of roughly $300 million. Joining them in their move are registered senior client associate Sadie Lanzet and client associate Chris DiCostanzi.


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$300M Merrill Breakaway Team Joins HighTower

Wells Fargo Breakaways Sign With Dynasty


February 20, 2014


Dynasty Financial Partners has won another round in the high-stakes battle for breakaway advisors.


Concentus Wealth Advisors, a suburban Philadelphia team who managed over $300 million as Strid Wealth Management Group, has left Wells Fargo Advisors to join outsourcer Dynasty's network of high-end advisory firms.


Concentus principal Erik Strid (pictured above) says he talked to HighTower and Focus but went with Dynasty because the firm's partners wanted "control of our destiny -- we wanted to own our own equity."


Read the full story:


Wells Fargo Breakaways Sign With Dynasty

Burnham Gibson Expands


February 19, 2014


Orange County-based Burnham Gibson Financial Group, a financial and insurance services firm, announced they will be expanding their reach to Scottsdale this February. According to the firm, the move will be spearheaded by financial consultant Nate Carlson (pictured above).


"I look forward to expanding Burnham Gibson's presence further in the Southwest," says Carlon. "Through strategic business development strategies, our goal is to build a robust team of talented advisors and develop a strong presence in the Scottsdale area. I'm thrilled to bring the Burnham Gibson brand of service to a new region."


In addition to this new location, Burnham Gibson has offices in San Diego, Irvine and San Rafael, Calif.

LPL Firm Adds Advisor Team


February 18, 2014


Advisors with Atlas Private Wealth Advisors have transitioned to the LPL Financial broker-dealer platform. As part of the move these Atlas advisors have also aligned with Flagship Harbor Advisors, an independent RIA group, for its fee-based advisory services. As of Dec. 1, 2013, Atlas-supported brokerage and fee-based client assets totaled approximately $125 million.


The firm, based in Matawan, N.J., will now operate as a team of five professionals led by veteran advisors Vladislav Krubich and Tony Mayo.

Also: A Merrill breakaway team joins HighTower, Burnham Gibson expands and a Wells Fargo breakaway signs with Dynasty. Here's a roundup of some of the most recent moves among independent financial advisors.

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Posted by jtllopsg k | Saturday, April 05 2014 at 6:02PM ET
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