Raymond James & Associates has landed a Merrill Lynch team managing around $1 billion in client assets in Williamsville, a suburb of Buffalo, New York, according to an announcement on Tuesday.
Source: Raymond James Scoops Up Billion-Dollar Merrill Team in Upstate New York – AdvisorHub
The firm announced Tuesday that Ken Hutkin and Ron Winkler, financial advisors from Wedbush Securities, have joined Linsco by LPL Financial, establishing 57th Street Wealth Advisors in New York City.
Source: LPL plants new stake in New York with $400M Wedbush team – Investment News
Josef Najar, who heads the 15-person Carrier Group, is expected to officially join Rockefeller after a garden leave, according to his lawyer, Jonathan S. Sack of Sack & Sack in New York. Najar’s team manages $3.6 billion in assets, according to Barron’s, which ranked the group 119 on its list of the top 250 private wealth teams this year.
Source: Leader of $3.6-Billion Morgan Stanley NYC Team to Join Rockefeller – AdvisorHub
NewEdge Wealth, a $16.5 billion registered investment advisor owned by NewEdge Capital Group, added two breakaways from the wirehouses on Friday, including a South Florida-based team from Merrill Lynch and a Pennsylvania team from Morgan Stanley.
Source: NewEdge Wealth Adds Teams from Merrill Lynch, Morgan Stanley
The seven-person team, which is led by Jason L. Walker, Vladimir A. Nikitenko, H. Scott Braswell, Rosty N. Tkachenko and John C. Hydrick, calls their group Wealthstead Financial Advisors. The group includes support staffers Shantol Rose and Patti Schwefler, according to the team’s website.
Source: $615-Million Ex-Lincoln Team Joins LPL in Wake of Osaic Acquisition – AdvisorHub
Joshua W. Cummins, a private wealth advisor who managed $1.1 billion in client assets, joined UBS in Westlake, California, according to an announcement. He reports to UBS’s Los Angeles private wealth market led by Lauren Gorsche and branch manager Kate Daniels, according to the announcement.
Source: UBS Lands $3.7-Mln Merrill Broker in California – AdvisorHub
Rockefeller Capital Management on Friday nabbed another former First Republic broker, this time a $4 million producer in Boston, according to a source familiar with the move.
Source: Rockefeller Hires $4-Mln Ex-First Republic Broker in Boston – AdvisorHub
The larger of the moves is the father-son team of Gary W. Owens and Travis L. Owens, who moved to UBS in Dallas. They had managed $540 million in client assets and generated around $2.7 million in revenue, according to a source familiar with their practice.
Source: Texas Two-Step: UBS Adds $540-Mln Merrill Team, Loses $256-Mln Group to Morgan Stanley – AdvisorHub