Joining Jefferies are Adam Shafiroff, Laurence Shafiroff and Morgan McLanahan, who bring a focus on REITs and MLPs, according to the firm.
via Barclays trio joins Jefferies, focus on REITs and MLPs. | On Wall Street.
Stifel Nicolaus snared a veteran Morgan Stanley advisor with more than $180 million in assets under management, and announced the opening of a new client office in West Chester, Pa.
James Stambaugh will join the regional broker-dealer as a senior vice president of investments and portfolio manager of its Solutions Program in Stifel’s new private client group office in downtown West Chester.
via Stifel Lands Morgan Stanley Advisor, Launches Pennsylvania Office | On Wall Street.
Focus Financial Partners has picked up an $800 million RIA, with promises to “turbo charge” its growth.Focus cofounder Rajini Kodialam says she spent a few years wooing Hank McLarty, founder of Atlanta-based Gratus Capital Management. The firm has $800 million in assets under management, putting it right in Focus’s “sweet spot,” Kodialam says.
via Focus Financial in Deal for Gratus Capital of Atlanta | Financial Planning.
An Overland Park, Kansas-based team of advisors left Wells Fargo Advisors last month to launch their own registered investment advisory with the help of Dynasty Financial Partners. The four-person team, managing $400 million in client assets, have formed NovaR Wealth Advisors.
The team, lead by Principal and CEO Timothy Rodgers, includes Keith Osborne, vice president, Brian Fry, client services associate, and Billi Wood, office manager.
via Former Wells Fargo Team Launches New RIA with Dynasty | RIAs content from WealthManagement.com.
With the new reps, Snowden Lane is closing in on $1.4 billion in assets nationwideBoutique wealth manager Snowden Lane said early Tuesday that it added a former UBS UBS team in Baltimore with about $400 million in client assets.The means the group now has 15 advisors, about $1.4 billion in assets and offices in three major metropolitan areas Baltimore-Washington, D.C., New York and Pasadena-Los Angeles.The four new advisors are Philip A. Lazzari, Mark D. Stevens, Eric Watson and Eric L. “Lanny” Buckner, who do business as the Harbor Wealth Management Group.
Morgan Stanley has grabbed its second multi-billion-dollar team from Merrill Lynch in less than a month.Morgan lured the Brice Group with $4.5 billion in assets away from Merrill, according to a released statement. The Brice Group, based in Birmingham, Mich., and helmed by brothers Brian P. Brice and Timothy M. Brice
via $4.5 Billion Team Jumps to Morgan Stanley in Latest Hiring Coup | On Wall Street.
RBC Wealth Management has hired Merrill Lynch veteran Charles “Chip” Pisoni Jr. as a senior vice president and financial advisor in its Scottsdale, Ariz., office.He brings assets under management of more than $250 million and $1.5 million in production, according to RBC Wealth Management.
via RBC Wealth Management Snags Merrill Lynch Advisor | On Wall Street.
RBC Wealth Management recruited a Merrill Lynch advisor managing more than $230 million.Former Merrill advisor Jesse Bengtson generated $3.5 million in revenue while at the wirehouse, according to a statement from RBC.
via RBC Lands Merrill Lynch Advisor Managing $230M in Assets | On Wall Street.