Advisor strikes: Raymond James lands $1.25B group as Merrill loses two
Iowa’s Greenwood Wealth Partners exits D.M. Kelly as UBS and Ameriprise win Merrill Lynch recruits in California and Florida
Four advisors who managed roughly $1.25 billion at D.M. Kelly & Company joined Raymond James Associates, RayJay’s worker advisor arm this week, increasing the broker-dealer’s Midwest presence because it welcomes one other skilled group..
The incoming Clive, Iowa observe now operates as Greenwood Wealth Partners of Raymond James. It consists of David Lorbiecki, Dan “Chris” McPhail Jr., David Haas and Willis Gaer, and observe industry supervisor Holly Ellsworth made the transfer with them.
Lorbiecki and McPhail are coming in as senior vice presidents of investments, and Haas is vp of investments.
Lorbiecki, essentially the most skilled of the group, entered the trade in 1993 and spent 30 years at his prior agency. McPhail began his profession in 2007, Haas in 2008 and Gaer in 2022.
Lorbiecki pointed to Raymond James’s tradition as a deciding issue. “Just as vital, Raymond James’ consumer centered tradition and respect for our independence allow us to run our industry in a means that displays who we’re: hardworking advisors centered on doing what is true for our shoppers,” he stated.
Read extra: Raymond James extends AI rollout but CEO says personal relationships ‘trump’ any tech or bot
UBS recruits Merrill Lynch duo in Silicon Valley
On the West Coast, John Pham and Jimmy Yip left Merrill Lynch for UBS places of work in Palo Alto and San Jose, Calif., UBS stated Friday.
Pham has spent greater than 22 years advising Silicon Valley executives, entrepreneurs and households. Yip has labored in monetary providers since 2004, serving professionals, industry house owners and their households.
Client associates Leslie Vinoya, Kimberly Russell and Randall Bane additionally moved to UBS.
The group is now a part of the UBS San Francisco Market, led by market government Emily de la Reguera. It experiences to Silicon Valley market director Jacqueline Kehoe, who labored with the advisors throughout her time at Merrill. UBS stated that relationship was instrumental within the group’s choice to maneuver.
“I’ve had the chance to work alongside this group and witness firsthand their dedication to delivering excellent consumer service and fostering long-term relationships,” Kehoe stated.
“Their expertise serving the distinctive wants of Silicon Valley executives, entrepreneurs and households, along with the power of our world wealth administration platform, makes them an impressive addition to UBS and an vital a part of our continued progress within the area,” added De la Reguera.
Ameriprise grows $2 billion Boca Raton observe
Colin Gates, a next-gen advisor that managed greater than $120 million at Merrill Lynch, Pierce, Fenner & Smith, has crossed over to the department channel of Ameriprise, the agency stated Thursday.
Gates is becoming a member of The Atlantic Group in Boca Raton, Florida, which is led by founding companions Andrew Lerner and Logan Shalmi.
“Ameriprise instantly stood out due to its dedication to serving to advisors develop and the investments it continues to make in know-how, planning capabilities and operational assist,” Gates stated.
The Atlantic Group is itself a current arrival. It came to visit from Oppenheimer in October 2025, when Ameriprise brought aboard the Boca Raton-based practice managing greater than $1.6 billion in consumer property.
Since then, Ameriprise stated the observe has added three monetary advisors, three assist workers and greater than $400 million in consumer property. Following that progress, the operation now consists of 12 advisors and 10 assist workers overseeing roughly $2 billion.
Locally, the group is supported by department supervisor Drew Granauro, advanced director Daniel Landrau and regional vp Michael Rearden.
