Advisor Ed Lancaster and his sons, Mike and Dave, joined Raymond James in Cypress, Texas, a suburb of Houston.The team managed more than $160 million in client assets, according to Raymond James.
Source: Raymond James Grabs $1.5M Team From LPL | IAG Breaking News
Three other recruits went over to the independent side at Ameriprise. Former Raymond James advisor Scott Husnick of Amery, Wis., oversaw $143 million in client assets prior to making the move, according to Ameriprise’s spokesman. Buzz Minton, formerly with LPL and based in Altoona, also in Wisconsin, had $72 million, the spokesman said.
Source: Advisors With $415M Combined AUM Join Ameriprise | IAG Breaking News
Peter Loncar and Brent Stein had $2 million in annual revenue before leaving the wirehouse, according to Raymond James. Both, operating as Rivertowne Advisors, are based in Beaver, Pa., just northwest of Pittsburgh. Their practice will focus on retirement planning, both for individual clients and for businesses.
Advisors Chris Mahoney, his brother Kevin Mahoney, Mark C. Marotta, Kristen Koluch, and Phil Murphy joined the firm in West Nyack, N.Y., about 40 miles from Manhattan.The team, which is led by Mahoney, generated $7.7 million in annual production, according to Raymond James.
Source: Raymond James Sets Recruiting Record: $3B Team | IAG Breaking News
Voya Financial Advisors has recruited a $500 million-plus advisor group from Investor’s Capital Corporation.An initial group of 17 advisors with $415 million in assets under management moved to Voya on November 2nd with a second wave from various broker-dealers following in the first quarter of next year. This group brings gross dealer concessions totaling $4 million to Voya Financial Advisors.
Source: Voya Snags $500M+ Advisor Group from Investor’s Capital – Life & Health ADVISORLife & Health ADVISOR
Advisors Tammy Sweet Halprin and Scott Finkler now operate as the Halprin Finkler Investment Group of Raymond James in Destin, Fla., the firm says. The duo had $2 million in annual production at the time of their departure from Wells Fargo, according to Raymond James.
Source: Raymond James Nabs a $260M Wells Fargo Team | IAG Breaking News
Wells Fargo struck a deal with Credit Suisse to smooth the recruitment of the Swiss lender’s private-bank employees as their firm retreats from managing wealth for U.S. clients.The deal would allow U.S. advisors and clients to move to Wells Fargo Advisors by early 2016, according to a joint statement Tuesday from the firms.
Source: Wells Fargo Reaches Agreement to Add Credit Suisse Advisors | IAG Breaking News
The group opened a new Raymond James office in Worcester, Mass. On the move were Stephen Erickson, Michael Martin, Scott Louder, Christopher Lussier, Diana Correa and Nancy Jones. Now operating as Elm Wealth Management, the team generated approximately $3 million in production while at UBS, according to Raymond James.
Source: UBS Loses $550M Team to Raymond James | IAG Breaking News