Didi Nicolas, a 27-year veteran hired from Morgan Stanley in 2018, was promoted to oversee Merrill Lynch’s Nevada market that includes around 150 brokers.
Group joining Rockefeller in Irvine had generated $3 million in revenue and follows Rockefeller’s hire last week of a $2.5 million Merrill team in Denver.
Robert Runkle left for Morgan Stanley on Friday after 38 years with the Thundering Herd.
Brett Thelander, a career Merrill manager who was running its ‘Mid-America’ private wealth region, will join Rockefeller after a 90-day garden leave, two sources said.
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.
Former JPMorgan Chase bank-based broker acceded to his former firm’s customer contact block but did not admit wrongdoing.
UBS broker in New Jersey managing $460 million returns to Morgan Stanley after 11 years.
Team includes two veterans who had spent nearly 50 years combined at Merrill and who managed $1.2 billion in assets.
Group of four brokers had been generating $4.6 million in fees and commissions, according to the team leader.
A sole public arbitrator granted the former advisor’s request for expungement and said Merrill defamed the broker by not looking into the allegations behind a customer complaint before issuing the termination.
One week after losing a $2.6 million team in Atlanta to Janney Montgomery Scott, Morgan Stanley nabs two comparable producers near Baltimore from Merrill Lynch.