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May 25, 2016 at 08:46 AM
Bank of America Merrill Lynch (BAC) says it welcomed two advisor teams recently, both from Morgan Stanley (MS), with a combined $1.7 billion in client assets.
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.
