Merrill Lynch
$3 Mln-Merrill Lifer in Vegas Exits After 37 Years, Launches RIA
Yearning to “drive the ship” himself after almost four decades at Merrill, broker managing $360 million for 56 families strikes out on his own.
Jones Loses $1.3 Mln Producer to Wells Indie Firm, Merrill Brokers Join RBC
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.
Wirehouse Wars: $4 Million of Production Changes Hands
Wells Fargo Advisors adds about $2.3 million of revenue via a Merrill broker in Houston and a UBS broker in San Francisco, while UBS nabs a $2.2 million Raymond James team in Westport.
Merrill Broker Sued by Fidelity Agrees to Stop Client Solicitation
In what may acknowledge the difficulties of litigating during the coronavirus crisis, Fidelity and former broker reached an agreement on calling his former clients.
Morgan Stanley Lures Merrill Brokers with $5.2 Million Production
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.
Wells Hires Virginia Wirehouse Veterans from Merrill, UBS
Broker Charles Bull leaves Merrill’s Charlottesville branch after 26 years, while UBS’ William Hardin joins Wells in Roanoke after 22 years at rivals.
Merrill to Lengthen Salary Guarantee for Early-career, Small-Town Brokers
Brokers joining Merrill’s Accelerated Growth and Community Markets programs as of September will get a fixed salary for five years, in addition to grid payout, up from a three-year guarantee currently.
Alex. Brown Hires $280 Mln-Asset UBS Miami Team, LPL Nabs $180 Mln Wells Broker
Trio joining Raymond James’ high-net-worth client unit are at least the third move to its Miami branch from UBS since December.
Fidelity Sues Atlanta Broker Who Joined Merrill Lynch
Accuses advisor who was managing $356 million of breaching his employment contract by soliciting clients and offering at least one of them lower fees.
Morgan Stanley Hires Merrill Lifer with $419 Million Book
A three-decade Merrill veteran who was managing $419 million in assets joined Morgan Stanley in Ohio last Friday as the wirehouse has accelerated hiring.
Merrill’s Sieg Sees Big Increase in New Household Accounts
Merrill Lynch Wealth president told managers this week that brokers who averaged 5.5 net new account openings last year should be able to raise the total to eight with the help of new technology.
