Advisors on the Move: Morgan's Multi-Billion-Dollar Grabs From Merrill
Published September 23, 2014 5:32 PM
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Updated July 8, 2016 9:41 PM
1 Min Read
Advisors on the Move
Morgan Stanley lured highly lucrative talent from Merrill Lynchs ranks again this month, picking up another multi-billion dollar advisor team. Meanwhile, Wells Fargo continued to hire talent from UBS. Advisors moved to and from RBC, while U.S. Bank expanded its HNW business in Chicago. See these moves by clicking through On Wall Streets latest slideshow.
$4.5B Team Jumps to Morgan in Latest 'Coup'
Morgan Stanley grabbed its second multi-billion-dollar team from Merrill Lynch in less than a month.
Morgan lured the Brice Group with $4.5 billion in assets away from Merrill, according to a released statement. The Brice Group, based in Birmingham, Mich., and is helmed by brothers Brian P. Brice and Timothy M. Brice. Both had nearly $8 million in combined production while at Merrill.
Joining the Brices at Morgan are Rebecca Wolfe, vice president and group director; Ray Fortin, vice president and business development director; Stephanie Mills, institutional consulting associate; Diane Roegner, senior client service associate and Julie Pawlowski, consulting group analyst.
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Morgan lured the Brice Group with $4.5 billion in assets away from Merrill, according to a released statement. The Brice Group, based in Birmingham, Mich., and is helmed by brothers Brian P. Brice and Timothy M. Brice. Both had nearly $8 million in combined production while at Merrill.
Joining the Brices at Morgan are Rebecca Wolfe, vice president and group director; Ray Fortin, vice president and business development director; Stephanie Mills, institutional consulting associate; Diane Roegner, senior client service associate and Julie Pawlowski, consulting group analyst.
Read more here
Washington Wealth Hits $1B AUM With Latest Grab From RBC
San Diego-based Washington Wealth Management lured two former RBC Wealth Management advisors with $220 million in AUM to its hybrid platform.
Craig Martucci and Todd Adams, cofounders of Martucci Adams Wealth Advisors, have 40 years of combined industry experience between them, according to a Washington Wealth statement about the deal. Washington Wealth now has $1 billion in assets under management.
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Craig Martucci and Todd Adams, cofounders of Martucci Adams Wealth Advisors, have 40 years of combined industry experience between them, according to a Washington Wealth statement about the deal. Washington Wealth now has $1 billion in assets under management.
Read more here
Wells Plucks From UBS Again: Grabs Advisors With $410M AUM
Wells Fargo plucked four advisors from UBS with a combined $410 million in AUM.
Jon M. Miller and Douglas A. Kunzman left UBS to join Wells in its Lincoln, Neb., office, according to the firm. Together at UBS they managed more than $151 million in combined client assets, a Wells spokeswoman said. The pair had a combined $1.2 million in production, and are joined by senior registered client associate Tracie Beck, also from UBS.
In California, William L. Boatwright and Craig A. Diamond leave UBS to join Wells at its branch in Woodland Hills, a wealthy Los Angeles suburb. The pair managed more than $259 million in client assets, and a combined $1.6 million in production.
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Jon M. Miller and Douglas A. Kunzman left UBS to join Wells in its Lincoln, Neb., office, according to the firm. Together at UBS they managed more than $151 million in combined client assets, a Wells spokeswoman said. The pair had a combined $1.2 million in production, and are joined by senior registered client associate Tracie Beck, also from UBS.
In California, William L. Boatwright and Craig A. Diamond leave UBS to join Wells at its branch in Woodland Hills, a wealthy Los Angeles suburb. The pair managed more than $259 million in client assets, and a combined $1.6 million in production.
Read more here
RBC Snags Advisor With $1.5M in Production
RBC Wealth Management has hired Merrill Lynch veteran Charles Chip Pisoni Jr. as a senior vice president and financial advisor in its Scottsdale, Ariz., office.
He brings assets under management of more than $250 million and $1.5 million in production, according to RBC Wealth Management.
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He brings assets under management of more than $250 million and $1.5 million in production, according to RBC Wealth Management.
Read more here
U.S. Bank Expands HNW Business in Chicago
U.S. Bank added three wealth management advisors and one senior trust officer to its Private Client Reserve high-net-worth business in Chicago.
Debora Oberling joined from JP Morgan Private Bank as wealth management advisor team leader. Also joining was Steven F. Greene, previously with Rappaport Reiches Capital Management, and Teresa Seiwert, who was previously a vice president and private client relationship manager with the bank.
Nancy Brackmann joined the team as a senior trust officer. She was formerly a vice president and fiduciary officer with JP Morgan Private Bank.
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Debora Oberling joined from JP Morgan Private Bank as wealth management advisor team leader. Also joining was Steven F. Greene, previously with Rappaport Reiches Capital Management, and Teresa Seiwert, who was previously a vice president and private client relationship manager with the bank.
Nancy Brackmann joined the team as a senior trust officer. She was formerly a vice president and fiduciary officer with JP Morgan Private Bank.
Read more here
RIA Brings Aboard Wirehouse Executives
Two wirehouse executives joined independent advisory Dynasty Financial Partners. Kara Valentine joined New Yorrk-based Dynasty as director of marketing from U.S. Trust, while Janessa Biller left Goldman Sachs to accept the role of Dynastys vice president of relationship management.
Valentines 20-year career includes directing marketing at Morgan Stanley and senior roles at Merrill Lynch. Prior to her tenure with Goldman Sachs, Biller started her career with UBS.
Valentines 20-year career includes directing marketing at Morgan Stanley and senior roles at Merrill Lynch. Prior to her tenure with Goldman Sachs, Biller started her career with UBS.
