Advisors on the Move: Raymond James Grabs $2B in Recruiting Spree
December 16, 2014 4:51 PM
Advisors on the Move
It's been a busy recruiting year for some firms, and Raymond James & Associates is no exception. The firm swept up advisors managing about $2 billion in assets, including a $900 million from J.P. Morgan and a Merrill Lynch team with $535 million in assets. But the regional firm wasn't alone. UBS pulled in a $2.5 million producer, Wells Fargo added a team with $443 million in AUM and HighTower lured away a Merrill advisor managing $225 million in assets.
Click through our slideshow to see these and other moves.
Click through our slideshow to see these and other moves.
Merrill Lynch Team With $535M Leaves Wirehouse
Raymond James & Associates enticed away an advisor team managing $535 million in client assets from Merrill Lynch.
The group consists of team leader Samuel Spanos and advisors Gennaro Marsico, Todd Todorich, Robert Lewis, George Kruth, Mark O'Leary, and Joseph Thompson.
They team, known Spanos Group of Raymond James, generated more than $5 million in annual revenue while at Merrill. They joined Raymond James in Beaver, Pa.
Image: Spanos Group of Raymond James
The group consists of team leader Samuel Spanos and advisors Gennaro Marsico, Todd Todorich, Robert Lewis, George Kruth, Mark O'Leary, and Joseph Thompson.
They team, known Spanos Group of Raymond James, generated more than $5 million in annual revenue while at Merrill. They joined Raymond James in Beaver, Pa.
Image: Spanos Group of Raymond James
Raymond James Biggest Recruit in 2014
An advisor team managing $900 million in assets joined Raymond James & Associates.
The four-person team left J.P. Morgan, where they generated $6.7 million in annual revenue, to open Raymond James' first office in Manhattan.
The group, now known as Quattuor Capital Partners of Raymond James, is led by managing director Howard Franzblau and includes managing directors Richard Devine, Wayne Froud and David B. Brennan.
Brennan will also serve as branch manager.
Image: Howard Franzblau, Richard Devine, Wayne Froud and David B. Brennan
The four-person team left J.P. Morgan, where they generated $6.7 million in annual revenue, to open Raymond James' first office in Manhattan.
The group, now known as Quattuor Capital Partners of Raymond James, is led by managing director Howard Franzblau and includes managing directors Richard Devine, Wayne Froud and David B. Brennan.
Brennan will also serve as branch manager.
Image: Howard Franzblau, Richard Devine, Wayne Froud and David B. Brennan
UBS Pulls in $2.5M Advisor
A $2.5 million producer left Morgan Stanley for UBS.
Advisor Charles D. Day joined UBS as a senior vice president and senior portfolio manager in Greenwich, Conn., where he reports to branch manager Ed Emanuel.
Day managed approximately $181 million in assets while at Morgan. He moved to UBS with senior wealth strategy associate Paul Gerardi.
Image: Charles D. Day
Advisor Charles D. Day joined UBS as a senior vice president and senior portfolio manager in Greenwich, Conn., where he reports to branch manager Ed Emanuel.
Day managed approximately $181 million in assets while at Morgan. He moved to UBS with senior wealth strategy associate Paul Gerardi.
Image: Charles D. Day
HighTower Picks Up Wirehouse Advisors With $225M in AUM
A Merrill Lynch advisor managing $225 million in assets went independent with HighTower.
Advisor Doug Conklin reunited with another Merrill team that had left the wirehouse earlier this year. Conklin joined the Ezzell group, a Sacramento, Calif.-based team comprised of Jason Ezzell, Alec Fisher and Gina Clark.
Image: Doug Conklin
Advisor Doug Conklin reunited with another Merrill team that had left the wirehouse earlier this year. Conklin joined the Ezzell group, a Sacramento, Calif.-based team comprised of Jason Ezzell, Alec Fisher and Gina Clark.
Image: Doug Conklin
Merrill Lynch Sweeps Up Advisors With $550 Million in AUM
Merrill Lynch pulled in advisors managing more than $550 million in combined assets from UBS and Citi Personal Wealth Management.
A four-person UBS team with $395 million in AUM moved to Merrill's Beaumont, Texas, office, where they report to Hong Ogle, director of the firm's Houston complex. The team is comprised of advisors Heath McGallion, Christopher Davis, Stan Davis and Hugh Hawkins.
Advisor Mario Fratto left Citi Personal Wealth Management where he managed $153 million for Merrill. He joined the wirehouse's Rockefeller Center office in New York, where he reports to Michael Simonds, complex director.
Image: Bloomberg
A four-person UBS team with $395 million in AUM moved to Merrill's Beaumont, Texas, office, where they report to Hong Ogle, director of the firm's Houston complex. The team is comprised of advisors Heath McGallion, Christopher Davis, Stan Davis and Hugh Hawkins.
Advisor Mario Fratto left Citi Personal Wealth Management where he managed $153 million for Merrill. He joined the wirehouse's Rockefeller Center office in New York, where he reports to Michael Simonds, complex director.
Image: Bloomberg
Stifel Advisor Jumps to Raymond James
Raymond James & Associates recruited a $2.5 million producer from Stifel Nicolaus.
Advisor David Gunter joined Raymond James in Oil City, Pa. Also moving with Gunter were registered service associate Karen Wygant and service associate Cindy Restauri.
Gunter managed more than $191 million in client assets while at Stifel.
Image: David Gunter
Advisor David Gunter joined Raymond James in Oil City, Pa. Also moving with Gunter were registered service associate Karen Wygant and service associate Cindy Restauri.
Gunter managed more than $191 million in client assets while at Stifel.
Image: David Gunter
Raymond James Nets $220M Team
A veteran father-son advisor team left Wells Fargo Advisors to join Raymond James & Associates.
Erwin Bry and his son, Terry, joined Raymond James in St. Louis. They previously managed $220 million while at Wells Fargo.
The elder Bry began his advisory career 1969, according to FINRA records. In 1982 he joined A.G. Edwards. The younger Bry joined the firm in 1985. Lori Fugate, sales associate, also moved with the team to Raymond James.
Image: Raymond James
Erwin Bry and his son, Terry, joined Raymond James in St. Louis. They previously managed $220 million while at Wells Fargo.
The elder Bry began his advisory career 1969, according to FINRA records. In 1982 he joined A.G. Edwards. The younger Bry joined the firm in 1985. Lori Fugate, sales associate, also moved with the team to Raymond James.
Image: Raymond James
Team With $463M in AUM Joins Wells Fargo
A UBS team managing $463 million left the wirehouse to join Wells Fargo Advisors.
The team, led by advisors James Percifield and David Heeren, generated $3.5 million in annual revenue in San Francisco.
The group, known as Madison Street Financial Group, operates out of two Wells Fargo offices: Chicago and Chesteron, Ind. Also moving with the team is advisor Brad Harber.
Image: Madison Street Financial Group
The team, led by advisors James Percifield and David Heeren, generated $3.5 million in annual revenue in San Francisco.
The group, known as Madison Street Financial Group, operates out of two Wells Fargo offices: Chicago and Chesteron, Ind. Also moving with the team is advisor Brad Harber.
Image: Madison Street Financial Group
Raymond James Hires New Branch Manager
A financial advisor left Ameriprise to join Raymond James & Associates as a producing branch manager.
Aaron Tellez joined Raymond James in Newport Beach, Calif., but will move to a new Irvine, Calif., office in 12-18 months. He reports to complex manager Jerry Conn.
Image: Raymond James
Aaron Tellez joined Raymond James in Newport Beach, Calif., but will move to a new Irvine, Calif., office in 12-18 months. He reports to complex manager Jerry Conn.
Image: Raymond James
Ameriprise Recruits Advisors With More Than $150M in Combined AUM
Ameriprise Financial lured away two financial advisors from Raymond James.
Advisor Mitchell McCann moved from Raymond James Financial Services to Ameriprise's employee channel, joining the firm in Farmington Hills, Mich., a suburb of Detroit. He reports to branch manager Mark Feiler.
Steven Miller joined Ameriprise's independent channel from Raymond James. He managed more than $44 million in assets.
Image: Bloomberg
Advisor Mitchell McCann moved from Raymond James Financial Services to Ameriprise's employee channel, joining the firm in Farmington Hills, Mich., a suburb of Detroit. He reports to branch manager Mark Feiler.
Steven Miller joined Ameriprise's independent channel from Raymond James. He managed more than $44 million in assets.
Image: Bloomberg
Wells Fargo Adds $1.24M Producer
An advisor generating $1.24 million in annual revenue joined Wells Fargo Advisor's wealth brokerage services division.
Jeffrey Heimstaedy was previously with Oppenheimer & Co., where he had $113 million in assets. He had been with Oppenheimer since 2008.
Heimstaedt joined Wells office in Newport Beach, Calif., where he reports to Phil Winterson, regional brokerage manager for Los Angeles and north Orange County.
Image: Bloomberg
Jeffrey Heimstaedy was previously with Oppenheimer & Co., where he had $113 million in assets. He had been with Oppenheimer since 2008.
Heimstaedt joined Wells office in Newport Beach, Calif., where he reports to Phil Winterson, regional brokerage manager for Los Angeles and north Orange County.
Image: Bloomberg
UBS Nets $1.5B Advisor
An advisor with $1.5 billion in AUM left Merrill Lynch for UBS.
Advisor James Hulburd joined UBS Private Wealth Management in Walnut Creek, Calif., where he reports to complex director Stephen McCashin.
He combined his practice with UBS advisor Brian Sharpes. Client service associates Trivia Kramer and Mei Yuen also moved with Hulburd to UBS.
Image: Bloomberg
Advisor James Hulburd joined UBS Private Wealth Management in Walnut Creek, Calif., where he reports to complex director Stephen McCashin.
He combined his practice with UBS advisor Brian Sharpes. Client service associates Trivia Kramer and Mei Yuen also moved with Hulburd to UBS.
Image: Bloomberg
Merrill Names New Complex Director
Merrill Lynch hired William Thomas, a former football pro and Merrill advisor, to serve as San Francisco complex director
William Thomas, who once played defensive back for the Seattle Seahawks, joined Merrill from Metlife where he was a managing director. He originally joined Merrill in 1995, according to FINRA records.
Image: William Thomas
William Thomas, who once played defensive back for the Seattle Seahawks, joined Merrill from Metlife where he was a managing director. He originally joined Merrill in 1995, according to FINRA records.
Image: William Thomas
Raymond James Grabs Wirehouse Team With $116M in AUM
An advisor team managing $116 million left Wells Fargo Advisors for Raymond James & Associates, the firm's traditional employee broker-dealer.
The team joined Raymond James in Louisville, Ky. They report to branch manager Thomas Hirsch.
The team, now known as Walsh Jaggers Group, is comprised of advisors Robert Walsh and Travis Jaggers and client service associate Starr Michelle Epperson. They generated more than $900,000 in annual fees and commissions.
Image: Travis C. Jaggers, Starr Michelle Epperson, Robert D. Walsh
The team joined Raymond James in Louisville, Ky. They report to branch manager Thomas Hirsch.
The team, now known as Walsh Jaggers Group, is comprised of advisors Robert Walsh and Travis Jaggers and client service associate Starr Michelle Epperson. They generated more than $900,000 in annual fees and commissions.
Image: Travis C. Jaggers, Starr Michelle Epperson, Robert D. Walsh
U.S. Trust New Hires
Bank of America's U.S. Trust division announced the following hires:
Euching Lin and Felicia Yieh Pan joined the firm's New York office as private client advisors.
Don K. Smith joined the Boston office as a private client advisor.
Brian Sheehan became a private client advisor in West Hartford, Conn., while Brian Fink joined the firm's Westport, Conn., office.
Aimee Troy is now a senior trust officer in Florham Park, N.J.
Carlos Rodriguez joined U.S. Trust in Tampa, Fla., as a wealth strategies advisor.
Private Client Advisor Brent Smith joined the firm in Washington, D.C.
Elizabeth Leicht joined as a senior trust officer in Houston while Todd Braulick became a private client advisor in San Antonio.
In Las Vegas, Shirley Cruz was promoted to private client advisor. She was formerly a private client manager.
Image: Bloomberg
Euching Lin and Felicia Yieh Pan joined the firm's New York office as private client advisors.
Don K. Smith joined the Boston office as a private client advisor.
Brian Sheehan became a private client advisor in West Hartford, Conn., while Brian Fink joined the firm's Westport, Conn., office.
Aimee Troy is now a senior trust officer in Florham Park, N.J.
Carlos Rodriguez joined U.S. Trust in Tampa, Fla., as a wealth strategies advisor.
Private Client Advisor Brent Smith joined the firm in Washington, D.C.
Elizabeth Leicht joined as a senior trust officer in Houston while Todd Braulick became a private client advisor in San Antonio.
In Las Vegas, Shirley Cruz was promoted to private client advisor. She was formerly a private client manager.
Image: Bloomberg
