Morgan Stanley Smith Barney has lured two Bank of America Merrill Lynch Wealth Management advisors to its offices on Park Avenue in New York City.
As a team, Randall Caruso and Marco Oreamuno produced $1.8 million in fees and commissions at Merrill and managed $193 million in client assets, according to a Dow Jones report. They report to Jim Mucahy, the Park Avenue office’s complex manager.
Natasha Howe's friends were blowing up the internet as influencers, but they needed a financial advisor who could help get their financial lives in order. She now has a growing niche.
The first U.S. bank to offer an exchange-traded product tied to bitcoin saw $34 million in trading on the first day.
Exchange funds could help address some wealthy clients' concentration risks and tax quandaries at the same time.
The addition of Peter Laidlaw to Merrill's offices in San Francisco comes as firm executives aim to engage in "more aggressive recruiting."
A deal is more than just a top-line number and misalignment in culture and communications can cause conflict down the line.
RIA Soltis acquired accounting, tax and advisory firm GDM Private Financial Solutions, the latest example of client demand for integrated wealth and tax planning solutions.
