Ira H. Mark and Michael J. Berger left RBC on September 11 to return to Morgan Stanley, said one of four associates who moved with them to the wirehouse’s Jericho office on Long Island’s North Shore. The advisors, among RBC’s largest in metropolitan New York, produced just under $8 million in the previous 12 months on about $1.4 billion of client assets, said a person who claimed familiarity with their business.
Source: Morgan Stanley Lands $8-Million RBC Wealth Team in New York – AdvisorHub
Rockefeller Capital Management on Friday hired two advisors who had cumulatively spent their 40-year retail brokerage careers at Merrill Lynch, and whose ten-person team produced $6 million on about $750 million of client assets.
Source: Merrill Lifers with $6 Mln Production Move to Rockefeller in New Jersey – AdvisorHub
In Houston, Texas, Rockefeller Capital Management on Friday lassoed a three-broker team led by Shay Scruggs, a 19-year industry veteran, that generated $5 million in revenue, according to a person familiar with the move.
Source: UBS Brokers with $15-Mln Production Leave for Rockefeller, RBC and RayJay – AdvisorHub
LPL Financial is dialing back on a lucrative recruiting offer, reducing the transition assistance package by at least 20% to potential recruits, according to a memo sent this week to recruiters.
The latest RayJay recruits—Ricardo Armijo, Martha Siefman,Tim Cooper and two client associates—joined Friday on the eve of Labor Day weekend. At UBS, they generated about $4 million in fees and commissions over the past 12 months on about $600 million of customer assets, according to a well-placed source.
Source: Raymond James Hires $4-Million Michigan Team from UBS – AdvisorHub
Kieran J. Lynch, John Inserra, Craig Kaufman and Craig’s father, Joel, were producing $3.6 million in annual fees and commissions at UBS and managed around $550 million, according to a person familiar with their practice. Lynch, Inserra and the younger Kaufman are managing directors, First Republic said, while Joel Kaufman is a vice president.
Source: $3.6 Million UBS Team Joins First Republic in New Jersey – AdvisorHub
Financial advisors Christopher Andrews, Jacob Robert Webb, David Luther signed on with J.P. Morgan Securities in Palm Beach, Florida, where they report to regional director Rick Penafiel.
Source: J.P. Morgan Securities grabs $1 billion Merrill Lynch team | Bank Investment Consultant
Advisors Wes Darilek and Saul Lico left Wells Fargo to sign on with Hilltop’s private client group in Dallas in June. Veteran advisor Darilek spent 11 years at the wirehouse after a short stint at AXA Advisors, while Lico spent his entire seven-year career with Wells, according to FINRA BrokerCheck.
Source: Hilltop Securities adds 4 new advisors | On Wall Street