Senior advisor Dan Schwala left UBS to sign on with Morgan Stanley’s Beverly Hills, Calif., office. Schwala has 30 years of experience in the securities industry, according to FINRA records. He spent about 11 years at UBS, where he managed $267 million in client assets and had approximately $1.7 million in annual production.
via 3 Advisors Sign On With Morgan Stanley | On Wall Street.
A Merrill Lynch advisor who managed more than $1 billion in client assets has parted ways with the firm.Thomas Buck left last week for unknown reasons, and took his daughter Ann, also an advisor for the wirehouse — and an Indianapolis Colts cheerleader — with him, sources say.A firm spokesman confirmed the departures and declined to comment further on the move, which has had recruiters and advisors buzzing over the fates of the father and daughter.
Merrill Lynch grabbed an RBC team managing $300 million in client assets, a spokeswoman said.
Last week, advisors Ronald Slevin, George Gladman and Jared Stone, along with client associate Jeffrey Tucker, joined Merrill in New York. They report to Jeffrey Tucker, managing director and complex manager for Merrill’s Fifth Avenue Financial Center.
While at RBC, the team’s production last year was about $2.5 million, according to the Merrill spokeswoman.
Slevin has been in the industry for nearly four decades, according to FINRA records. He began his career in 1976 at J.B. Hanauer & Co., and made stops at PaineWebber and Smith Barney before joining RBC in 2005.
A UBS team managing $500 million in client assets and generating $3.1 million in annual revenue left the wirehouse to join Merrill Lynch, a spokeswoman said.
The team joined Merrill’s office in Palm Beach, Fla., and reports to James Chahine, complex director.
On the team are advisors Robert Debbs, who heads the group, Frederick J. Shapiro, Steven F. Colamarino, and Albert David Hutzler III. In a statement, Debbs said his team made the move in order to offer his clients a more diversified set of products and services.
J.P. Morgan Securities says it has lured eight financial advisors with nearly $2 billion in assets from rival wealth management firms.Robert Douglass and Beth Kytle joined the Atlanta office from Credit Suisse, where they worked 10 years. Gidon Nach, a 12-year veteran of Morgan Stanley, joined the firm in Los Angeles, while Robert Woolf, formerly of UBS, joined in Boston. Stephen Shirley was recruited from Oppenheimer for the Newport Beach, Calif., office.
via J.P. Morgan Securities Nabs 8 Advisors From Rival Firms | Bank Investment Consultant.
Fidelity Touts Tech Bundle for Breakaways0 Comments Post Comment By Chris Latham February 13, 2015Fidelity is hoping breakaway brokers will bite at an integrated platform of tech tools that cost less as a package than if acquired separately. The custodian announced its new WealthCentral Technology Bundle on Thursday at the T3 Advisor Conference in Dallas.Advisors already using Fidelity’s WealthCentral brokerage software could access External IT’s unified cloud-computing portal, Redtail’s customer relationship management system and Advent Software’s Black Diamond portfolio-management tool. Now they can use these third-party programs together in a streamlined interface and work more quickly — and more securely — across the functions, according to Ed O’Brien, head of platform technology for Fidelity Institutional.
via Financial Advisor IQ – Fidelity Touts Tech Bundle for Breakaways.
A Merrill Lynch team managing $225 million in client assets left the wirehouse to join independent firm Snowden Lane Partners.
The team, known as the Feldman Group, opened Snowden’s newest office in Pittsburgh, marking it as the firm’s fifth office.
Snowden’s president, Greg Franks, said in a statement that the firm had identified Pennsylvania as key market for their growth strategy, and that he expected several more teams to join Snowden in the Keystone State.
The Feldman Group consists of Robert Feldman, a partner and managing director, and Donna Bowler, a private wealth advisor. They serve high net worth clients, families and institutions.
via $225M Merrill Team Joins Snowden Lane | Financial Planning.
A team producing $4.2 million has joined Morgan Stanley.The team, known as the Bogart Group, left RBC Wealth Management-U.S. to join Morgan in McLean, Va., last month, a firm spokeswoman said. The group had been managing $622 million in assets while at RBC.Group member Brian Bogart joined the firm as a senior vice president and financial advisor. He started his career in 1983 with Dean Witter, according to FINRA records. He had worked at RBC since 2009. Bogart’s son, James, also with the firm, earned his Series 7 in 2007, and joined Morgan as a vice president.
via Team Producing $4.2M Joins Morgan Stanley | On Wall Street.