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September 30, 2015 at 12:34 PM
Seven former Bank of America-Merrill Lynch (BAC) advisors have launched Corient Capital Advisors, a boutique wealth firm with over $3.3 billion in assets under management. For its part, Merrill gained two ex-Wells Fargo (WFC) advisors with nearly $3 million in assets.
Chris Copps, Gordon Hassenplug, Darren Henderson, Michael Phelps, Alex Stimpson, Jon Tenney and Greg Walters, all former Merrill Lynch, formerly worked together in two teams at Merrill in its private banking and investment group.
The new firm is based in Newport Beach, California. It has partnered with Dynasty Financial Partners for its platform; Fidelity Investments will provide asset services to the group.
Merrill Lynch recruited Bob Krumholz and Becca Siegel from Wells Fargo Advisors. The two reps have joined a group led by Emily O’Connell and formed Oaks Wealth Management Group in Austin, Texas.
Krumholz and Siegel, who had almost $1.8 million in yearly fees & commissions and $270 million in assets under management last year, will report to Tim Gillespie, market executive. Members of the newly formed Oaks Wealth collectively services some $481 million of client assets and $3.2 million in production last year.
Other Recruiting News
Wealth management and investment banking firm Noyes has brought in Peter Corey as a wealth advisor, reporting directly to James Lynch, managing director of wealth management.
