Advisors jump ship among leading companies, potentially taking millions of assets with them
There have been some major movements among some of the leading firms in the sector over the last week.
Perhaps the most significant is a double swoop from Wells Fargo. It has managed to grab one advisor from Raymond James and another from Merrill Lynch: potentially picking up around $260 million in client assets in the process.
First, Thomas Braley has made the move from Merrill Lynch to the Wells Fargo team in Saginaw, Michigan. At Merrill Lynch he was responsible for $95 million in assets.
Also making the move to Wells Fargo is Geoffrey Gatlin. He was previously at Raymond James, where he controlled $169 million. He is set to work in San Antonio, Texas.
However, Wells Fargo wasn’t the only one securing new talent. Raymond James made a move and added Greenfield Cooperative Bank as a partner. Its team includes advisor Edward Zadworny and Michael Johnson. According to Greenfield, it has chosen to partner with Raymond James because of its “breadth of resources”.
Meanwhile, in Houston, Northern Trust picked up five representatives including two who had held management roles within JP Morgan Chase. Others arrived from Amegy Bank, Capital One Asset Management and Canada’s ScotiaBank.
Perhaps the most significant is a double swoop from Wells Fargo. It has managed to grab one advisor from Raymond James and another from Merrill Lynch: potentially picking up around $260 million in client assets in the process.
First, Thomas Braley has made the move from Merrill Lynch to the Wells Fargo team in Saginaw, Michigan. At Merrill Lynch he was responsible for $95 million in assets.
Also making the move to Wells Fargo is Geoffrey Gatlin. He was previously at Raymond James, where he controlled $169 million. He is set to work in San Antonio, Texas.
However, Wells Fargo wasn’t the only one securing new talent. Raymond James made a move and added Greenfield Cooperative Bank as a partner. Its team includes advisor Edward Zadworny and Michael Johnson. According to Greenfield, it has chosen to partner with Raymond James because of its “breadth of resources”.
Meanwhile, in Houston, Northern Trust picked up five representatives including two who had held management roles within JP Morgan Chase. Others arrived from Amegy Bank, Capital One Asset Management and Canada’s ScotiaBank.
