Two advisors joined Merrill Lynch from UBS, where they generated more than $3 million in annual revenues, according to a Merrill spokeswoman.Advisors Matt Yonally and Chris Compogiannis managed more than $300 million in assets while at UBS.Yonally said they made the move to Merrill because “we believe that their lending capabilities and goals-based wealth management process distinguishes them from other firms.”
Merrill Lynch lured away an advisor team generating $4 million in annual revenue from Morgan Stanley, a spokeswoman said.The team, led by advisor John Mirsepahi, joined Merrill’s Rockefeller Center office in New York last week. Mirsepahi was reuniting with the firm, after previously working for Merrill from 1999 to 2005 before leaving to join Smith Barney.
Morgan Stanley said it recruited advisors who collectively managed more than $1.6 billion in assets from rivals UBS and HSBC.In the largest of three moves, Morgan picked up a UBS team that had $1.3 billion in AUM. The group joined Morgan Stanley Private Wealth Management in Los Angeles, where the team’s members report to Complex Manager Greg Laetsch.The team’s leader, Greg Fullmer, started his financial services career with Goldman Sachs in 1988, according to FINRA records. He joined UBS in 2004. Also on the team are Daniel Hawkins, Douglas Dyakon, Joel Russak, Alex London, Emma Goodman and J.B. Kalin.
Stifel Nicolaus recruited two advisor teams managing nearly $290 million in assets from rival brokerage D.A. Davidson, according to a Stifel spokesman.In the larger of the two moves, advisors David Kuhns and Chris Molvig joined Stifel in Billings, Mont. While at Davidson, they managed about $159 million in client assets.
via Stifel Recruits Advisors Managing $290M | On Wall Street.
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.