Stifel Recruits UBS Advisor Team

BY: ANDREW WELSCH

SOURCEMEDIA

TUESDAY, JUNE 24, 2014

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UBS lost an advisor team managing more than $170 million in AUM to Stifel, Nicolaus.

Advisors Clint Weaver and Joe Bozarth joined Stifel and opened an office in Waco, Texas, for the firm. The office is Stifel’s ninth in the Lone Star State. Weazer and Bozarth are joined by registered client service associate Lanna Zorn.

According to FINRA, Bozarth began his career at Merrill Lynch in 1979. He later joined UBS through its acquisition of Paine Webber. Weaver joined UBS in 2006.

via Stifel, Nicolaus, UBS, Paine Webber, Merrill Lynch | On Wall Street.

Wells Fargo Reels in 4 Advisors With $450M in AssetsBY: ANDREW WELSCHSOURCEMEDIAWEDNESDAY, JUNE 18, 2014 PRINT EMAIL REPRINTSinShare Wells Fargo poached four advisors managing more than $450 million in client assets from rivals UBS and Morgan Stanley.Father-and-son advisors Alan and Charles Glick and their assistant, Pearl Beria, left Morgan Stanley to join Wells Fargo’s Westwood, Calif. Office. There they will report to complex manager Paul Vannuki. The Glicks managed more than $242 million in assets while at Morgan.Senior team member Alan Glick has more than four decades of industry experience. He started his career at Hornblower and Weeks in 1973 and moved to Lehman Brothers in 1979, according to FINRA records. He left Lehman in 1993 to join Citigroup. He went with Morgan in 2009, and his son came on board a year later.

via Wells Fargo Takes Four Advisors Managing More Than $450M in Assets From UBS, Morgan Stanley | On Wall Street.

UBS Team Managing $430 Million Joins First Kentucky SecuritiesBY: ANDREW WELSCHSOURCEMEDIATUESDAY, JUNE 17, 2014 PRINT EMAIL REPRINTSinShare A UBS advisor team managing about $430 million in assets jumped ship to regional broker-dealer First Kentucky Securities.The team, known as Kiper-O’Connor Wealth Management, generated $1.5 million in revenue while at UBS.  The group’s members have been together since 2005, and are now based at First Kentucky’s Louisville, KY.-office.The team’s most senior member, Kevin O’Connor, has three decades of industry experience. He started his career in 1984 at Merrill Lynch, according to FINRA records, and later moved on to Dean Witter in 1987 and UBS in 2005. Team member Steven Kiper, a former pilot, had worked at UBS since 2000.

via UBS Team Managing $430 Million Joins First Kentucky Securities | On Wall Street.

Two former UBS advisors that managed $200 million in assets are moving over to Stifel Nicolaus.Todd Frediani and Larry Stater are leaving UBS to join Stifel’s Santa Rosa, Calif.-based office, according to a statement released by the firm. The move comes only a week after Stifel recruited a former-Morgan Stanley advisor who managed more than $250 million in client assets.Stater has more than 40 years of industry experience, and Frediani 18, according to FINRA. The long-time financial advisors partnered to form Redwood Wealth Management in 2010 during their tenure at UBS.

via Two Advisors with $200M AUM Leave UBS to Sign On With Stifel Financial Group | On Wall Street.

Mr. Roth was the CEO of the AIG Advisor Group for more than seven years before Mr. Schorsch tapped Mr. Roth last summer to be CEO of his wholesaling broker-dealer, Realty Capital Securities, and moved him two weeks ago into his current role.

Mr. Roth knows the Advisor Group’s four broker-dealers, Royal Alliance Associates Inc., FSC Securities Corp., SagePoint Financial Inc., and Woodbury Financial Services, as well as anybody. Prior to joining AIG Advisor Group, he was the head of ING’s broker-dealer network in the nineties and then worked in investment banking in the 2000s.

via Is AIG Advisor Group the next big fish Schorsch wants to land?.

A Merrill Lynch advisor team with $750 million in assets has moved over to the Focus Financial Partners network.Advisors Herman Rij, Jason Cort, Brian Cort and Kori Lannon, working from their newly-formed Quadrant Private Wealth of Bethlehem, Pa., made the switch this month. Rij, the senior-most member of the team, started his career in 1969, according to FINRA records. He joined Merrill in 1971.  Cort joined the wirehouse in 1997, and his brother Brian became a Merrill advisor in 2002. Lannon signed on in 2007.The advisors were the fifth group to join Focus through its transition program, Focus Connections. They follow IFM Capital Advisors, a former UBS team managing $1 billion in assets, which left the wirehouse to join the Focus network in January.

via Focus Financial Lures Away Merrill Lynch Team With $750M AUM | Financial Planning.

U.S. authorities charged Credit Suisse with criminal conspiracy Monday, alleging the Swiss banking giant helped wealthy American clients evade U.S. taxes.A Virginia federal court filing in Alexandria accuses Credit Suisse of conspiring to in part “advise the preparation and presentation of false income tax returns and other documents to the Internal Revenue Service.”

via Credit Suisse accused of criminal conspiracy.

A Merrill Lynch advisor team that generated about $1.6 million in annual revenue is moving to Raymond James, according to a statement from the regional wealth manager.

Advisors Jeffery Tomaszewski and Gary Rigby, who managed more than $280 million in client assets while at Merrill Lynch, will join the Ocala, Fla. office of Raymond James & Associates, the traditional employee broker-dealer of Raymond James Financial.

via Raymond James Recruits $1.6M Advisor Team From Merrill Lynch | On Wall Street.