Morgan Stanley team with $6.5 million and Merrill team generating $3.3 million in revenue bring Rockfeller’s brokerage force to 44 teams.
Merrill brokers added about 20,000 net new households last year, compared to 35,000 in 2019, but given the pandemic executives say they are pleased.
Broker declined to cooperate with regulator’s investigation into Merrill’s claim that he made inappropriate investment recommendations.
Independent broker-dealer Sanctuary has landed its 42nd team since its 2018 launch while Snowden says it wooed a former billion-dollar Merrill broker back to the business.
Former broker pled guilty to stealing roughly $4.2 million over 10 years.
Millennial advisor with $1.5 million in revenue, who was three-time winner of Merrill’s “excellence in growth” award, says he is a believer in cold calling.