Merrill Lynch

The quartet of financial advisors range in age from their 20s to their 90s, and are the second group to sign with Dynasty this week.

The group includes an advisor who oversaw $843 million.

The firm has 20 teams that cater to ultra-high-net-worth individuals in the Sunshine State, and has plans to double that over the next few years.

The new additions represent Rockefeller’s first foray into Colorado.

The legal tussle represents the latest effort by a brokerage firm to enforce non-solicitation agreements against advisors.

The team’s client base primarily consists of business owners, corporate retirement plans, families and individuals and retirees.

Documents shed light on how two brokers overseeing trainees allegedly called hundreds of phone numbers on Merrill’s Do Not Call list.

The new hires include industry veterans and they join a growing branch in Dallas.

The margin requirements apply to Merrill Lynch wealth management clients and individual traders using the Merrill Edge platform.

Collectively, the brokers generated $167 million in annual production and oversaw $37 billion in combined client assets.

These elite producers in some cases operate far from Wall Street, even as they work for well-known wealth managers such as UBS, Merrill Lynch and Ameriprise.

Client acquisition was down compared to 2019, but still higher than in years past.

The group leader, advisor Lars Olson, had been with the wirehouse since 1994.

The Buffalo, New York location is the independent firm’s 12th nationwide.

The new hires generated approximately $5 million in production before making the move.

The wirehouse is also tweaking pay related to cash solutions for clients.

Disclosing such information is rare in wealth management, but long overdue, says Andy Sieg.

It’s another big get for a bank that has been busily luring away top talent from the wirehouses.

The firm currently fields 40 teams, most of which have joined this year.

Steve Alch, a U.S. Army veteran, has been with the company since 2001 and has overseen the wirehouse’s operations in Orlando.