Raymond James advisor Steven Jacobson also moved to Ameriprise, joining the firm in New Orleans. Jacobson managed $124 million in assets while at Raymond James, according to a statement from Ameriprise. He is a 22-year industry veteran, according to the records. Prior to Raymond James, Jacobson worked at UBS and Smith Barney.Former wirehouse advisor Ron Camisasca signed on with Ameriprise in Clearwater, Fla., outside of Tampa. Camisasca previously served at Morgan Stanley where he managed $96 million in assets. He started his career in 1982 at Merrill Lynch, according to FINRA records. He later worked at Lehman Brothers and Wachovia, and joined Morgan Stanley in 2005.

via Advisors Managing $600M in Assets Join Ameriprise | On Wall Street.

Morgan Stanley has recruited advisors managing nearly $1.3 billion in assets.In the larger of two moves, a team that managed $1.1 billion left Merrill Lynch to join Morgan.The team, comprised of advisors Michael Torpey and Charles Malamut, joined Morgan’s Northfield, N.J., office. The two advisors will report to Chris Shaw, Southern New Jersey complex manager at Morgan Stanley, according to a statement from the firm.Torpey and Malamut had a combined annual production of about $3.5 million.

via Morgan Stanley Recruits Billion-Dollar Advisor Team | On Wall Street.

Raymond James recruited a Wells Fargo advisor managing $115 million in assets, according to the firm.

Advisor Robert Clayson generated $800,000 in annual revenue while at Wells. He and senior registered client service associate Carolyne Wabuyele joined the Wellesley Hills, Mass., office of Raymond James & Associates, the traditional employee broker-dealer arm of Raymond James. Wellesley Hills is a suburb of Boston.

via Wells Fargo Advisor With $115M in AUM Joins Raymond James | On Wall Street.

A Merrill Lynch advisor team managing $440 million in assets has left the wirehouse to join HighTower.William Wolf and Ethan Collins moved from Newark, N.J., to Red Bank, to join HighTower’s Parternship, the firm’s employee channel model. This the 46th team to join the partnership, which is one of three options that advisors have when choosing to join the firm.Wolf joined Merrill in 1998, and has 20-years in the industry, according to FINRA records. Collins joined the wirehouse in 2001. He previously served in the U.S. Army, according to a statement from HighTower.

via Merrill Lynch Advisor Team Managing $440M Moves to HighTower | On Wall Street.

LPL Financial is facing more turnover at the top, this time among its team of investment management professionals.LPL’s chief market strategist, Jeffrey Kleintop, quietly resigned earlier this month to accept a post on the international investment team at The Charles Schwab Corp. Mr. Kleintop had been with LPL for close to eight years.Another top executive on LPL’s investment management team, former senior vice president of research John Guthery, resigned in June to become senior vice president of the product management group at W.P. Carey Inc., a sponsor and investment manager of nontraded real estate trusts. At LPL, where he worked for 19 years, Mr. Guthery also focused on due diligence.

via LPL’s chief market strategist resigns.

Ladenburg Thalmann (NYSE MKT: LTS) said it would acquire KMS Financial Services, a Seattle-based independent broker/dealer with about 325 advisors and $14 billion in assets, for $24 million in cash and stock. After the purchase, Ladenburg will have 3,500 advisors with $110 billion in client assets, and $1 billion in revenue across the firm. As of 1 p.m. eastern time, Ladenburg’s stock was up 5.8 percent.

“This is a good indicator that [Ladenburg is] going to continue into an expansion mode and commit to owning independent b/ds and then cross selling their investment banking services through the independent b/ds they own,” said Jonathan Henschen, president of recruiting firm Henschen & Associates.

via Consolidation 2014: Ladenburg to Buy KMS Financial for $24 Million | IBDs content from WealthManagement.com.

Ameriprise grabbed four veteran advisors managing over $350 million in assets to its franchise channel last month. Len Clarizio and Tony Sciuto joined the Minneapolis-based firm from American Portfolios Financial Services on July 14. The team has about $114 million in assets under management and is based in Woodland Park, N.J., a suburb of New York.

via Amerprise Adds 4 Advisors With Over $350 AUM | On Wall Street.

Stifel Nicolaus lured away an advisor managing more than $170 million in assets from Baird.The new recruit, Michael Gregory Foster, had previously worked at McAdams Wright Ragen, a Seattle-based wealth management firm that was acquired by Baird last month

via Stifel Grabs Baird Advisor With $170M AUM | On Wall Street.