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December 01, 2016 at 07:23 PM
Ameriprise Financial says it has recruited 10 financial advisors with combined assets of about $1 billion from Morgan Stanley, Wells Fargo Advisors, RBC Wealth Management, Cetera Advisors and MSI Financial Services. At the same time, Raymond James Financial recently brought in advisors from Merrill Lynch and Wells Fargo with roughly $780 million in assets.
Joining Ameriprise, for instance, are Milwaukee-based advisors Mark Filla and Scott Latzke, formerly with Morgan Stanley, where they had some $344 million in assets.
“We chose Ameriprise because it provides our team with the capabilities and flexibility to deliver financial planning solutions that are tailored to our clients’ needs. As we explored our options, we recognized that Ameriprise is a great fit for advisors who are focused on growing their businesses,” the team said in a statement
Coming on board from Wells Fargo are Todd Darling in Middleton, Massachusetts; Scott Gongorek of Downers Grove, Illinois; Richard Dunagan of Austin, Texas; and Mathew Neely of Williamstown, Massachusetts.
“Advisors like what they see with Ameriprise,” said Manish Dave, senior vice president of business development, in a statement. “The continued movement of some of the best in the industry to our firm is a reflection of their enthusiasm and why they’re picking Ameriprise to help their practices grow and flourish into the future.”
Raymond James’ News
In Burlington, Vermont, advisors George Ewins, CPM, Richard Kowalski and Theresa Swett moved to Raymond James’ employee channel from Merrill Lynch with about $440 million and yearly fees and commissions of $1.8 million.
“This is a great business where we get to interact with and help exceptional people, and their families, who are doing great things,” said Ewins in a statement. “We are a part of their lives … [and] so when changes occurred that prevented us from doing our best work for clients, we chose not to accept the status quo.”
