Recent industry movement and recruitment activity.
Maurice Storch and Mark Mattingly, who have worked together for 13 years at UBS and, for the past eight years at JPM, set up at Merrill on Monday.
After 40 years as a big-firm employee and ten years at Morgan Stanley, a Bakersfield, California broker with a modest-sized book starts a “family business.”
A wirehouse team in Florida joins the U.S. wealth unit of a Canadian bank while Sunshine State powerhouse Raymond James loses broker to a new Miami office of Pennsylvania regional Janney Montgomery Scott.
RBC and Baird score advisors from Merrill and Morgan Stanley, while RayJay signs up a $1.4-million producer from a bank-owned broker in New Orleans.
Brokers joining Wells Advisor’s private-client offices in Washington and Oregon include a UBS veteran said to have been producing more than $600,000.
Broker who claims to have been Merrill’s biggest producer in Cleveland leaves with his daughter after 29 years for rival wirehouse, saying it has a more congenial culture.
Despite the intramural recruiting pullback among wirehouses, two veteran Thundering Herd brokers leading separate teams jumped to rival in late August.
Bay Area bank has been rapidly expanding its private wealth business with the help of experienced wirehouse brokers.