Advisors on the Move: Raymond James Snags $2.5M Team
<b>Advisor-Brothers With $210 AUM Leave Merrill for Raymond James</b>
The team operates as the Salvetti Group Family Wealth Advisors, with offices in Stockton and Sacramento, Calif. The Salvetti brothers come from Merrill Lynch where they had $1.1 million in production and almost $210 million in client assets.
<b>Raymond James Poaches More Wirehouse Talent</b>
Advisors Luke Kuchenberg, CFP, and Tyson Ray, CFP, will join Raymond James in Lake Geneva, Wis. The two advisors managed $220 in client assets while at Wells Fargo.
We are delighted to welcome Tyson and Luke to Raymond James,Scott Curtis, president of Raymond James Financial Services, said in a statement.
For some advisors, becoming an independent business owner fulfills a career objective. Im pleased they decided to partner with Raymond James and look forward to supporting their continued growth and success.
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Raymond James Poaches More Wirehouse Talent
<b>Merrill Breakaways Team Up to Partner With Dynasty</b>
Advisors David Christian and Jeffrey Krum have joined forces with Brian Hefele and his team to launch Cable Hill Partners. The two teams advised on more than $700 million in client assets while at Merrill Lynch.
Dynasty president and chief executive Shirl Penney expects more wirehouse advisors to come.
We're seeing more inquiries like this,Penney says.
As the opportunity presents itself, we think more teams will see the advantage of joining to achieve scale, size and get more bang for their buck. There's already more in the pipeline.
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Merrill Breakaways Team Up to Partner With Dynasty
<b>American College Names Ron Carson to Board</b>
Ron Carson, founder and CEO of Carson Wealth Management Group, Peak Advisor Alliance and Carson Institutional Alliance and a winner of Financial Plannings 2013 Influencer award, has been appointed to the board of trustees for a three-year term.
Mike Davidson, acting president of the American College said in a statement,
Rons efforts in our industry are no small feat. His energy and passion for the success of our students and the next generation of advisors will be a welcome addition to the Board.
<b>Woodbury Financial Names New CEO</b>
The Oakdale, Minn.- based firm, which has nearly 1,200 independent representatives throughout the U.S., announced that Rick Fergesen has been named its new president and CEO. Fergesen was previously Woodbury's executive vice president for business and field development. He replaces Patrick McEvoy, who resigned in December.
Rick's demonstrated capabilities, his knowledge of Woodbury Financials culture, employees, and advisors, and his insights into the independent broker-dealer industry make him an excellent choice to lead Woodbury Financial into the future,Erica McGinnis, who was tapped as Advisor Group's new president and CEO last October, said in a statement.
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New CEO for Woodbury Financial
<b>Securities America Lands Wells Fargo Advisor</b>
Going independent allows me to develop deeper relationships with my clients,she says.
I really like the feel of an independent broker-dealer, with enough sophistication and support from both Securities America and my managing principal.
<b>Colony Group Vice Chair Tapped by President</b>
I am honored to have been appointed by President Obama to this Advisory Council and to have the opportunity to educate our countrys youth on important financial issues,he said.
<b>TD Wealth Expands in New Jersey</b>
Watson will be responsible for managing the team and growing TDs regional wealth management business.
The Southern and Coastal New Jersey regions are very important to us, and the market also serves as home to our U.S. corporate headquarters,says Sherry A. Varrelman, senior vice president and regional wealth leader for Metro Pennsylvania & New Jersey at TD Wealth.
<b>New Co-Owner of Moisand Fitzgerald Tamayo </b>
Our clients are relying on us to serve their families for generations to come. Derricks addition to the leadership team as an owner will help make this possible,says firm principal Ron Tamayo.
<b>Convergent Expands Business Development Efforts</b>
MoCurran as a director of referral network development in the firms New York City office. Curran has a background in business development, previously working at Gerson Lehrman Group and Credit Suisse Asset Management.
In his new position, Curran will focus on building and fostering relationships to drive Convergents wealth management business strategy in the greater New York metro area.
New York is a highly competitive market, and to have someone as driven as Mo on the team aims to ensure Convergents leadership in this area of wealth management. We believe he will thrive in the firms entrepreneurial culture and contribute significantly to our growth potential,says Convergent CEO Dave Zier.