Andrew Zimmerman rejoined Merrill in the Boston Financial Center office, along with his team of Edward Nabhan, his son Alexander Nabhan, Megan Cooney and James McIntyre. The group manages about $1.2 billion in total client assets.
Zimmerman was a Merrill Lynch financial advisor from 1990 to 2008, before moving to Morgan Stanley, where he was a managing director, senior portfolio manager, financial advisor and family-wealth director.
In Bloomington, Minnesota, the Pohlen, Terris and Kasper Group is now part of Merrill Lynch. It has managed some $555 million in client assets. The group includes Larry Pohlen, David Pollen, Marc Terris and Michael Kasper.
Meanwhile, Raymond James & Associates (RJF) says Alan Lazzara has joined the traditional employee broker-dealer in Chicago. Lazzara was formerly with William Blair & Co., where he had been a partner and previously managed almost $280 million in client assets; also, he has had annual fees and commissions of over $1.7 million.
“I was attracted to Raymond James for many reasons but chief among them was the firm’s conservative financial management — that’s important to my clients — along with its very broad research capabilities and state-of-the-art technology,” Lazzara said in a statement.
Broker-dealer and RIA Woodbury Financial, part of the Advisor Group of independent broker-dealers, says it recently recruited three advisors with a total of more than $236 million in client assets.