Recent industry movement and recruitment activity.
High-profile Washington State broker Phil Scott moved his 11-person team on Tuesday to First Republic.
Yearning to “drive the ship” himself after almost four decades at Merrill, broker managing $360 million for 56 families strikes out on his own.
The smallest of the wirehouses fills its deliberately shrinking hole with another nontraditional hire from a bank.
A 21-year Edward Jones lifer producing $1.3 million left Friday to join an independent firm giant affiliated with Wells, while RBC added two Merrill teams collectively managing $340 million.
Arizona broker who produced $1.1 million in the past year at BMO Harris joins wirehouse.
Group of seven advisors and eight associates had overseen $1.7 billion in client assets and mark the fifth team to join First Republic this year.
It also promoted an associate complex manager in Bethesda, Maryland, to manage a large Potomac branch, which has about 20 advisors overseeing over $5 billion in client assets.
NYC broker who was discharged in May over compliance flubs has reunited with former UBS colleagues at their advisory firm Procyon Partners.