Advisors on the Move: Barclays Loses Advisors to Janney and Deutsche Bank
April 21, 2014 2:20 PM
Advisors on the Move
April has been a busy month move for advisors on the move. Barclays lost advisors teams to Deutsche Bank and Janney Montgomery Scott. An advisor group that managed $670 million in assets at J.P. Morgan Securities left to join Raymond James. But there were other winners and losers, as regional and wirehouse firms scrambled to keep up with each other in the battle for advisor talent.
See all the latest moves and promotions by clicking through our Advisors on the Move slideshow.
See all the latest moves and promotions by clicking through our Advisors on the Move slideshow.
Janney Montgomery Scott Grabs $1.7M Advisor Team
An advisor team that previously managed $214 million and generated $1.7 million in annual revenue has left Barclays to join Janney Montgomery Scott.
The Guggenheimer Zaki team, comprised of Steven Guggenheimer, executive vice president, and George Zakim, vice president, will join Janneys New York office.
Read the full story here
The Guggenheimer Zaki team, comprised of Steven Guggenheimer, executive vice president, and George Zakim, vice president, will join Janneys New York office.
Read the full story here
Deutsche Bank Recruits Two from Barclays
Financial advisor Christopher Guttilla and client analyst Erica Mongello have left Barclays to join Deutsche Banks wealth management unit at its New York office.
Guttilla has worked in the financial services industry for more than 25 years. He started his career at Rooney, Pace in 1985, according to FINRA documents. He later worked for Oppenheimer & Co. and then PaineWebber, before joining Lehman Brothers in 1999.
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Guttilla has worked in the financial services industry for more than 25 years. He started his career at Rooney, Pace in 1985, according to FINRA documents. He later worked for Oppenheimer & Co. and then PaineWebber, before joining Lehman Brothers in 1999.
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Raymond James Picks Up Father-Son Advisor Duo
Advisor group Cohen Financial Management has joined Raymond James & Associates, the firms employee broker/dealer channel, from J.P. Morgan Securities, where the group generated annual revenues in excess of $4.2 million.
The Cohen group managed approximately $670 million in client assets while with J.P. Morgan. The advisor team, led by Michael Cohen and his son, Benjamin Cohen, will join Raymond James Chicago office.
Read the full story here
The Cohen group managed approximately $670 million in client assets while with J.P. Morgan. The advisor team, led by Michael Cohen and his son, Benjamin Cohen, will join Raymond James Chicago office.
Read the full story here
RIA Recruits Wirehouse Advisors
Washington Wealth Management has recruited two advisors from UBS and Wells Fargo, where they collectively managed approximately $150 million in assets.
Former-UBS advisor Morrie Symson is joining Pacific Point Asset Management, a Washington Wealth-affiliated firm based in in Woodland Hills, Calif. Mizrahi, previously with Wells Fargo, is opening his own practice, First Point Financial Management, also in Woodland Hills.
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Former-UBS advisor Morrie Symson is joining Pacific Point Asset Management, a Washington Wealth-affiliated firm based in in Woodland Hills, Calif. Mizrahi, previously with Wells Fargo, is opening his own practice, First Point Financial Management, also in Woodland Hills.
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Baird Lures Away Wells Fargo Advisor
Financial advisor Joseph H. McAuley Jr. has left Wells Fargo to become Bairds newest branch manager at the firms Charleston, S.C. office. He is the twelfth addition to Baird so far this year, according to a spokesman for the firm.
Read the full story here
Read the full story here
Waddell & Reed Recruits Two Advisors With Combined AUM of $64M
Waddell & Reed announced that the firm recently recruited two advisors from J.P. Morgan and Ameriprise Financial.
Financial advisor Hubert Parker managed about $14 million in assets while with Ameriprise. He is joining Waddell & Reeds Tuscon, Ariz. office.
Advisor Mike Watson is joining the regional wealth management firms office in Edmond, Okla. where he will report to Paul Stanley. Watson managed approximately $50 million in assets while with J.P. Morgan.
Financial advisor Hubert Parker managed about $14 million in assets while with Ameriprise. He is joining Waddell & Reeds Tuscon, Ariz. office.
Advisor Mike Watson is joining the regional wealth management firms office in Edmond, Okla. where he will report to Paul Stanley. Watson managed approximately $50 million in assets while with J.P. Morgan.
Benjamin F. Edwards Lures Away Father-Son Duo from Wells Fargo
Father-and-son advisors James Holder Jr. and James Holder III, along with financial associate Tracie Kanelos, have left Wells Fargo to join Benjamin F. Edwards.
The team will join Benjamins office in Rome, Ga., raising the total number of advisors there to nine.
The elder Holder started his financial services career at Wachovia in 2000 and stayed through the firms merger with Wells Fargo. His son joined him at Wachovia in 2006. Kanelos has worked in the financial services industry since 1991.
Image: James Holder III and James Holder Jr.
The team will join Benjamins office in Rome, Ga., raising the total number of advisors there to nine.
The elder Holder started his financial services career at Wachovia in 2000 and stayed through the firms merger with Wells Fargo. His son joined him at Wachovia in 2006. Kanelos has worked in the financial services industry since 1991.
Image: James Holder III and James Holder Jr.
Benjamin F. Edwards Opens New Office in Grand Rapids, Mich.
The Brandstadt & Lambrix Wealth Advisors team has left Raymond James to join Benjamin F. Edwards.
Led by advisors Todd Brandstadt and Deborah Lambrix, the team is opening Benjamins first office in Grand Rapids, Mich.
Brandstadt, CFP, will be the new offices branch manager. He is a veteran of the financial services industry, having started his career in 1993 at the Chicago Board of Trade. Lambrix, CFP, is a three-decade veteran of the financial services industry. She teamed with Brandstadt in 2007.
Image: Deborah Lambrix and Todd Brandstadt
Led by advisors Todd Brandstadt and Deborah Lambrix, the team is opening Benjamins first office in Grand Rapids, Mich.
Brandstadt, CFP, will be the new offices branch manager. He is a veteran of the financial services industry, having started his career in 1993 at the Chicago Board of Trade. Lambrix, CFP, is a three-decade veteran of the financial services industry. She teamed with Brandstadt in 2007.
Image: Deborah Lambrix and Todd Brandstadt
