The group opened a new Raymond James office in Worcester, Mass. On the move were Stephen Erickson, Michael Martin, Scott Louder, Christopher Lussier, Diana Correa and Nancy Jones. Now operating as Elm Wealth Management, the team generated approximately $3 million in production while at UBS, according to Raymond James.
Source: UBS Loses $550M Team to Raymond James | IAG Breaking News
Morgan Stanley enticed away a team managing $1 billion in client assets from Citi Private Bank, according to a spokeswoman for the wirehouse.Advisors William Goettert and John Entenberg joined Morgan’s office in Boca Raton, Fla., where they report to Complex Manager Bert White. While at Citi, the duo generated $5 million in annual production.Goettert and Entenberg had been with Citi since 2010, according to FINRA BrokerCheck records. Prior to that they worked at Merrill Lynch.
A Morgan Stanley team that managed $950 million in assets has left the wirehouse to join UBS, a spokesman said.Advisors David Sobocinski, Julian Frank, Marc Wong and Mark Remigio joined UBS in Meville, N.Y., where they report to Robert Limmer, executive director.
Source: UBS Grabs Morgan Team With Nearly $1B in AUM | IAG Breaking News
A Morgan Stanley team that managed $2 billion in client assets left to join UBS, a spokesman said.The four-member team, which operates as the Arthurs Malof Group, generated $10 million in annual revenue while at Morgan.The group consists of advisors Glenn and Wyatt Arthurs, who are father-and-son, Chris Malof and Jay Blair. All joined UBS in Buffalo, N.Y., where they report to Jay Berube, branch manager, and Sam Messina, complex director.
A team that managed more than $700 million in client assets has signed on with Raymond James’ independent channel, the firm said. Confluence Financial Partners of Pittsburgh was previously a part of the Wells Fargo Advisors Financial Network. All three of the group’s advisors boast more than 20 years of experience in the securities industry: senior advisor Greg Weimer has been in the business for 27 years, while Jim Wilding and Kurt Kimmich have 22 years of experience, according to FINRA BrokerCheck records.
Source: Raymond James Snags $700M FiNet Team | IAG Breaking News
Merrill Lynch picked up a Morgan Stanley team that generated $2.5 million in annual revenues, a spokeswoman said. Advisors Stephen J. Renie, Michael S. Arthur and Jennifer S. Hall joined Merrill in Cincinnati where they report to Market Executive John R. Nicholson. While at Morgan, the advisors oversaw more than $300 million in client assets.
Source: $2.5M Morgan Team Jumps to Merrill | IAG Breaking News
Consider this: You’re a long-tenured, top advisor at the same firm for most of your career, and you’re looking to work another five years or so. Some initial introspection is telling you that where you are now may not be where you want to be when you retire. The freedom, flexibility and support you had hoped for at this stage just isn’t there, and you worry that leaving the client relationships you have spent a lifetime building just isn’t quite right. Yet you wonder if a move so close to retirement might not be ideal—causing far more disruption than it’s worth.
Source: Move Once, Monetize Twice | Careers content from WealthManagement.com