Advisors on the Move: Wells Fargo Sweeps up 6 Advisors From Rivals
May 26, 2014 10:02 PM
Advisors on the Move
Wells Fargo lost four advisors to regional firm Benjamin F. Edwards, but the wirehouse picked up six advisors collectively managing more than $500 million in assets. Meanwhile, UBS recruited a former Merrill advisor with $500 million in assets. Click through our slideshow to see these and all the latest moves, hires and promotions.
Wells Fargo Sweeps Up Six Advisors From Rivals
In a flurry of recruiting, Wells Fargo Advisors has picked up six financial advisors from Morgan Stanley, Merrill Lynch and UBS.
The half-dozen advisors manage a total of more than $500 million in client assets.
The half-dozen advisors manage a total of more than $500 million in client assets.
UBS Recruits Advisor Managing $500 Million
Merrill Lynch has lost an advisor managing $500 million in client assets to UBS Wealth Management Americas.
Advisor Stephen Davis, CIMA, will join UBS' Westlake Village, Calif. office. Davis generated annual revenue of about $2.6 million while at Merrill Lynch.
Image: Stephen Davis
Advisor Stephen Davis, CIMA, will join UBS' Westlake Village, Calif. office. Davis generated annual revenue of about $2.6 million while at Merrill Lynch.
Image: Stephen Davis
Raymond James Lands $2 Million Wirehouse Team
A former Wells Fargo advisor team has left the wirehouse to join Raymond James & Associates, the firm's employee broker-dealer.
Wood Asset Management generated annual revenue of about $2 million while at Wells Fargo, according to a spokesperson for the Raymond James. The team, comprised of advisors Robert J. Wood, Robert J. Wood, Jr., Carlton L. Brown and client service associate Lola Wright, joined Raymond James' Richmond, Va. office.
Image: Robert J. Wood, Robert J. Wood, Jr., Carlton L. Brown and Lola Wright
Wood Asset Management generated annual revenue of about $2 million while at Wells Fargo, according to a spokesperson for the Raymond James. The team, comprised of advisors Robert J. Wood, Robert J. Wood, Jr., Carlton L. Brown and client service associate Lola Wright, joined Raymond James' Richmond, Va. office.
Image: Robert J. Wood, Robert J. Wood, Jr., Carlton L. Brown and Lola Wright
D.A. Davidson Hires Merrill Executive
Regional firm D.A. Davidison has hired former-Merrill Lynch executive Jason Woodward as director of new advisor acquisition and training.
Woodward will oversee recruitment at the Great Falls, Mont.-based wealth manager., which has more than 400 financial advisors.
Jasons passion and commitment will serve Davidson well as our company continues its growth, said Jim Kerr, president of Davidson Companies, D.A. Davidson & Co.s parent company, in a statement. His work will allow us to ensure we have the best professionals, with the right talent and skills, to keep providing our clients with the truly personalized service they have come to expect.
Image: Jason Woodward
Woodward will oversee recruitment at the Great Falls, Mont.-based wealth manager., which has more than 400 financial advisors.
Jasons passion and commitment will serve Davidson well as our company continues its growth, said Jim Kerr, president of Davidson Companies, D.A. Davidson & Co.s parent company, in a statement. His work will allow us to ensure we have the best professionals, with the right talent and skills, to keep providing our clients with the truly personalized service they have come to expect.
Image: Jason Woodward
Wirehouse Breakaway Advisors Join Focus Financial
A Merrill Lynch advisor team with $750 million in assets has moved over to the Focus Financial Partners network.
Advisors Herman Rij, Jason Cort, Brian Cort and Kori Lannon, working from their newly-formed Quadrant Private Wealth of Bethlehem, Pa., made the switch this month. Rij, the senior-most member of the team, started his career in 1969, according to FINRA records. He joined Merrill in 1971. Cort joined the wirehouse in 1997, and his brother Brian became a Merrill advisor in 2002. Lannon signed on in 2007.
Advisors Herman Rij, Jason Cort, Brian Cort and Kori Lannon, working from their newly-formed Quadrant Private Wealth of Bethlehem, Pa., made the switch this month. Rij, the senior-most member of the team, started his career in 1969, according to FINRA records. He joined Merrill in 1971. Cort joined the wirehouse in 1997, and his brother Brian became a Merrill advisor in 2002. Lannon signed on in 2007.
Benjamin F. Edwards Grabs 4 Wells Fargo Advisors
Four Wells Fargo advisors have left for wealth manager Benjamin F. Edwards.
Advisors Kent Lipham, Thomas M. Carter, Leon B. Hirsch and a senior financial associate, Cheryl Sikes, are joining Benjamin F. Edwards in Pensacola, Fla. They will run the firm’s 45th office location. A fourth Wells Fargo advisor, James Stein, joined Benjamin Edwards in Canton, Ohio.
Advisors Kent Lipham, Thomas M. Carter, Leon B. Hirsch and a senior financial associate, Cheryl Sikes, are joining Benjamin F. Edwards in Pensacola, Fla. They will run the firm’s 45th office location. A fourth Wells Fargo advisor, James Stein, joined Benjamin Edwards in Canton, Ohio.
