Advisor strikes: Ameriprise lands three RBC groups with $1.2B; Wells hails $900M recruiting haul
Raymond James and Cetera additionally welcomed advisors from UBS and LPL as competitors for knowledgeable groups stays fierce
Ameriprise Financial has recruited three advisor groups from RBC Capital Markets with almost $1.2 billion in mixed consumer property.
The GEN Group joined in Vienna, Virginia, with greater than $750 million in consumer property. Private wealth advisor Matt Lanham and monetary advisor Amanda Catalina lead the staff, and consumer service associates Nicole Aguinaldo and Ari Aguinaldo assist it. The staff is supported by Branch Manager Jason Crabb, Ameriprise Complex Director Ed Eckenroad and Ameriprise Regional Vice President Todd Hubley.
In Denver, Vantage Axia Wealth arrived at Ameriprise with greater than $280 million. Financial advisors Andy Krantz, an authorized monetary planner, and Corben Gailey lead the observe, which treats monetary planning as the inspiration of every consumer relationship. Registered consumer service affiliate Dominic Occhiuzzo made the transfer with them. Branch Manager Kathleen Drake and Regional Vice President David Spataro shall be supporting the Vantage Axia staff.
Finally, Chad Lewis brings $160 million in consumer property to West Des Moines, Iowa. He spent 25 years as an Air Force F-16 pilot earlier than embarking on his advisory profession. He shall be supported domestically by Branch Manager Jeff Kimball and Complex Director Adam Lukens.
The newcomers from RBC mentioned they had been drawn by Ameriprise’s expertise platform, its planning capabilities, its advisor assist mannequin, and the agency’s management staff.
Wells Fargo provides groups from Santander, Raymond James and Truist
Wells Fargo Advisors prolonged its footprint throughout Massachusetts, Texas, and Florida with three groups arriving from rival corporations with almost $900 million in collective property.
The largest is the Halloran Dooley Investment Group, led by Kevin Halloran, John (Ryan) Halloran and Michael Dooley. The staff joined from Santander Securities in Beverly, Massachusetts, and oversees almost $400 million.
Mark Southwell joined from Raymond James in McAllen, Texas, with almost $300 million, joined by consumer affiliate Thelma. Finally, in Orlando, Florida, Lester Ernest moved from Truist Investment Services with greater than $200 million.
Raymond James lands a UBS duo in New Jersey
Raymond James misplaced Southwell to Wells Fargo however gained a New Jersey pair from UBS Financial Services.
Peter Q. Morris and Kenneth “Ken” Montal, who managed $245 million at UBS, have joined Raymond James & Associates, the agency’s worker advisor channel in Paramus, in line with North Atlantic Regional Director Tony Barrett.
The staff now operates as The Compass Group of Raymond James. It serves commerce house owners, retirees, pre-retirees and purchasers coping with sudden wealth. Morris and Montal are joined by consumer service affiliate Jessica Sanchez.
Morris is a managing director with greater than 30 years within the trade, 15 of them at UBS. Montal is a senior vice chairman of investments with greater than 43 years of expertise.
“The agency’s expertise platform and personal wealth capabilities assist our staff’s service-minded method and improve how we information purchasers all through their monetary lives,” Morris mentioned.
Morris and Montal’s departure represents one more drip within the stream of exits from UBS, which is trying to improve retention because it makes an attempt to construct a stronger wealth footprint within the US.
Cetera recruits a women-focused observe from LPL
Michele Johnson, an authorized monetary planner, has moved her observe, Elevated Wealth Solutions, from LPL to Cetera. The Willoughby, Ohio, observe oversees roughly $80 million in property below administration. It aligns with Prosperity Advisors, one of many largest companies within the Cetera Advisors neighborhood.
In 2023, Cetera introduced it had made a strategic minority financial backing in Prosperity Advisors, which on the time was a 170-member OSJ with $1.7 billion in property.
That identical yr, Johnson based Elevated Wealth Solutions with an emphasis on retirement methods, earnings substitute and wealth planning. Office supervisor Alison Marrie at present runs each day operations on the observe.
Johnson was affiliated with LPL for eight years, She mentioned she determined to half methods as she sought stronger assist and broader sources, together with tax and 401(ok) planning instruments, and a way of tight-knit neighborhood.
“The observe the place I bought my begin on this commerce felt like a household, and that’s what I used to be attempting to recreate,” Johnson mentioned.
