Recent industry movement and recruitment activity.
Manhattan-based brokers Matthew Hoffman and Scott Rappaport, who managed a $1.4 billion book at J.P. Morgan, moved a block north on Park Avenue to UBS.
The three-advisor, legacy BB&T Securities team had managed $400 million in client assets at Truist in Virginia’s Shenandoah Valley.
For at least the second time this year, the bank’s broker-dealer deployed the aggressive defensive legal tactic.
NorthEnd Private Wealth, led by four former Merrill Lynch brokers in Greenville, S.C., is the sixth team to join LPL Financial’s Strategic Wealth Services model.
Four-person group had been overseeing $400 million in client assets and underscores Morgan Stanley’s revived recruiting focus.
Advisor Robert Brust and client manager Jodie Nutter, based in Ponte Vedra Beach, Florida, left Merrill Lynch for Raymond James in February.
Merrill advisor who joined UBS in Garden City, Long Island, was generating $7.1 million in annual revenue, according to a person familiar with the move.
Dominique Jordan, 30, and Isaac Richard III, 28, who were profiled in August for being one of Morgan Stanley’s youngest-ever Black teams, mark the third group to join First Republic this year.
Separately, in another indie move, a Merrill broker joined a Maryland firm affiliated with Wells Fargo Financial Network.
Wells Fargo hired a Merrill team with $5.3 million in revenue in the Nashville, Tennessee suburbs on Monday while RBC said it separately hired a New Jersey duo this week.