The eight-person team led by veteran wirehouse brokers Thomas A. Paulson, William “Tuck” Holman and Steven E. Gatto, left for RBC on Thursday.
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.
Colorado hire is Rockefeller’s 45th team since its founding while RBC picked up a Merrill broker who said he was frustrated at Merrill’s push to sell Bank of America products.
RBC to pay Massachusetts for failing to supervise 50-year veteran who state says “routinely over-concentrated the portfolios of senior citizens in energy sector securities.”
30-year brokerage veteran Kurt Bakken joins RBC Wealth Management-U.S. as branch director for its Rochester, Minnesota office while Ameriprise said another ex-Wells broker had doubled assets in a month.
A federal judge granted Morgan Stanley’s motion to block the RBC group from soliciting their former clients and denied the brokers’ counterclaim.
Princeton, NJ, advisors say Morgan Stanley is soliciting clients they brought with them when they moved from UBS in 2010, in violation of written and verbal agreements.
Rockefeller hires its second Merrill team in Chicago while RBC recruits two teams with $900 million combined from the same UBS branch in Nebraska.
New Jersey advisors “flagrantly” violated their employment agreements by calling former clients and using confidential information, wirehouse says in new lawsuit.