Anthony DaCruz, formerly at RBC Capital Markets, joined Morgan Stanley Smith Barney’s West 52nd Street branch on July 15 as a financial advisor, company officials said.
DaCruz, who will report to complex manager Gerald Ferrante, spent 27 years at J.B. Hanauer, which bought RBC in 2007.
At RBC, DaCruz was doing $3 million in production with a strong asset base.
Nearly two-thirds of advisors surveyed this month said that internal training programs or workshops were offered by their firms.
The 260 advisors in Huntington's wealth unit will now turn to Ameriprise for brokerage, advisory and insurance services previously provided internally.
Even though advisors doubt it will pass, California's proposed billionaire tax is already reigniting residency and wealth planning conversations.
Financial advisor Drew Boyer turned an accidental acceptance from a fire chief into a successful niche serving firefighters and police officers.
Private equity-backed M&A activity has steadily risen. Owners may do great in a sale, but what about advisors lower in the organization?
With unfounded rumors spreading that Osaic was about to buy its rival Cetera, a Texas-based headhunting firm started calling advisors to see if they wanted to move. Other industry recruiters say that crossed an ethical line.
