A wirehouse advisor goes independent with Wells Fargo. Image: Bloomberg
$156M Advisor Leaves Morgan Stanley for FiNet
A financial planner left the wirehouse for the independent channel at Wells Fargo.
The total number of advisors across the industry rose 1.1% in 2014, according to a report from Cerulli Associates. But the research firm warns they may fall again in years to come. Read More »
The group generated annual revenues of $3 million before making the move. Read More »
The recruits collectively had $1.7 million in annual revenue before making the move. Read More »
The wirehouse's three newest recruits come from Credit Suisse. Read More »
The wirehouse said it recruited the advisors from Credit Suisse. Read More »
A top Wells Fargo executive said there's a "feeding frenzy" for some of the Swiss lender's top producers, at the same time the wirehouse is courting more than 200 of the elite recruits. Read More »
Chris Mahoney, a longtime veteran of the wirehouse, says he loved his time there. But bureaucratic changes forced his nearly $3 billion practice to find a new home. Read More »
The wirehouse pulled over four teams from Credit Suisse. Read More »
The breakaway launched a multi-generational firm that includes the planner's three daughters. Read More »
In one of the largest moves, the wirehouse picked up a team from Credit Suisse that generated $6.4 million in annual revenue and oversaw $610 million in client assets. Read More »
The recruits have launched independent practices and joined existing teams with FiNet. Read More »
RBC's newest recruits oversee about $132 million in client assets. Read More »
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