$700M Morgan Stanley Team Moves to Raymond James Indie Group
Steward Partners opens a new office in Florida with six breakaway brokers that have nearly $6 million in annual fees and commissions.
Morgan Stanley Grabs $4.6M Merrill Team
The recruiting news comes as the rival wirehouses take divergent paths with their post-fiduciary rule strategies.
HighTower Nabs $1B Breakaway Duo in New York: Recruiting Roundup
Meanwhile, RBC adds a pair from Merrill Lynch in Minneapolis with $1 million in yearly fees and commissions.
Merrill Edge Launches Robo-Advisor With a Twist
Portfolios will be based on ETFs made by Vanguard and others; Bank of America also introduces automated branches.
First Republic, Raymond James & RBC Grab Merrill Reps: Recruiting Roundup
Meanwhile, Merrill Lynch adds a $2 million-producing advisor from Morgan Stanley.
Morgan Stanley to Cut Fees, Keep Commissions Despite DOL Doubts
While speculation about the fiduciary rule abounds, the wirehouse insists it will decrease conflicts of interest and redundant offerings.
Merrill Lynch Nabs $4.5M UBS Team in Texas: Recruiting Roundup
Meanwhile, Raymond James, Ameriprise, Focus Financial and Kestra add advisors, managers and more.
How Outside Business Activities Doomed a UBS Advisor
Phil Fiore was involved in a utility, which created a complicated regulatory situation for the now-fired registered rep.
Raymond James Nabs $1.2M Merrill Rep in Michigan: Recruiting Roundup
A veteran wirehouse advisor with about $110 million in client assets makes the move in the greater Detroit area.
Karin Kimbrough, head of investment strategy for Merrill Lynch Wealth Management, joined Bank of America in 2014 after working for the Federal Reserve and for Morgan Stanley.