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September 09, 2015 at 03:00 PM
UBS (UBS) picked up a team of advisors from JPMorgan (JPM) and an advisor from Bank of America-Merrill Lynch (BAC) over the past week. Wells Fargo Advisors (WFC) also added a rep from JPMorgan, and Ameriprise Financial (AMP) recruited four advisors from Wells Fargo.
In addition, Omnia Family Wealth, a $1.4 billion firm, has launched; Dawn Ripke became wealth management advisor at the Private Client Reserve; and Arturo Diaz joined Aegis Capital Corp.
UBS News
UBS recruited the team of Alli McCartney, Miguel Hennessy, David Wardrop and Jordan Mahaffey from JP Morgan, where they had about $5 billion in assets under management. They now report to Chris Amo, complex director at the New York private wealth management office.
Hennessy, a 30-year industry veteran, spent 13 years at Morgan Stanley, then held various roles in private equity before joining J.P. Morgan in 2007. McCartney has 16 years of industry experience, and was at Lehman Brothers and Neuberger Berman before moving to JPMorgan.
Mahaffey and Wardrop each started their careers in wealth management at Merrill Lynch’s private banking group prior to moving to JPMorgan.
In addition, UBS also snagged million-dollar advisor James Lipari from Merrill Lynch, where he had approximately $230 million under management. He’ll be reporting to Mike Mimick, complex director and will be the producing branch manager at Kansas City Plaza.
His team will consist of Margaret “Pegi” Prescotte, senior wealth strategy associate, who joins from Merrill Edge; Kay Buel, client service associate, who also joins from Merrill Lynch; and Alin Frentzen, financial advisor, who comes from Wells Fargo Bank.
Wells Fargo Movement
Christopher Hill left JPMorgan, where he oversaw nearly $2 billion, for Wells Fargo Advisors’ wealth-brokerage services division as a senior vice president in Miami. Hill joined JP Morgan’s investment bank in mergers and acquisitions in 2008, later moving to J.P. Morgan Private Bank in New York. He also spent time with Banco Espirito Santo and BNP Paribas.
