Advisors on the move

The groups managing hundreds of millions are coming over from Merrill, Northwestern Mutual and Wells Fargo.

Vince Fertitta, the president of Sanctuary Wealth, shared how the firm won over its most productive wirehouse breakaway team to date.

Four winners of this year's Top 40 Brokers Under 40 overall and regional lists, from Morgan Stanley, Merrill Wealth Management, William Blair and RBC, joined industry experts in sharing how big brokerages can hold onto young advisors in a red-hot labor market.

The Swiss wirehouse struck twice at rival Merrill Lynch, poaching both an ultrahigh net worth team managing $1.3 billion and a high net worth team with $340 million of AUM.

The Narragansett Bay Group in Providence, which specializes in serving the ultra wealthy, intergenerational wealth and business owners, has moved to UBS.

A roundup of this week's news includes advisors on the move, new hires and SEC enforcement.

A roundup of this week's news includes advisors on the move, new hires

David DeVoe, founder and CEO of DeVoe and Company, says Mariner's acquisition of Allegiant is likely the beginning of its next phase of momentum with RIA transactions, following the investment of its new PE partner earlier this year.

The multigenerational practice decided it was time to make the move.

The high-profile industry personality is leaving Pinnacle Advisory Group after 17 years.

The two advisors affiliated with a new IBD after one of the largest PE-backed M&A deals of the year closed.

These firms scored big with advisors managing $1 billion or more.

The private-equity backed aggregator bulks up to 39 offices with its second acquisition of the year.

The following 17 teams oversaw about $75 billion in assets. The firms ending the year with prize recruits include a diverse cast: regional BDs, wirehouses, boutiques and RIAs.

Dynasty, Raymond James and Stifel are among the biggest beneficiaries of recent advisor moves.

Firethorn Wealth Partners gets started with the help of tru Independence.

The firm’s partners met while employed as advisors at Merrill Lynch, and later switched to Wells.

A 34-year old broker with high-net-worth tax specialty signs with Dynasty.

While Raymond James and Stifel are on hiring sprees, Wells Fargo is still losing talent.

Wells Fargo was among biggest losers as advisors jumped to other firms.