Osaic has also reeled in another LPL team in North Carolina, while Raymond James' FNBO program gains momentum with a $515 million duo in Kansas City, Missouri.
Four years of approved remote work, gone in one email, the auditor alleges
Meanwhile, UBS has restructured its Florida leadership with a J.P. Morgan veteran, and the UBS advisor drain continues with RBC nabbing a $542 million Philadelphia-area team.
Venture-backed founders cite liquidity pressures, AI demands and fundraising strain.
A veteran-led trio from UBS has also decamped to LPL's Linsco channel, while Cetera lured another longtime Commonwealth advisor in Michigan.
Proposed reforms may boost US banks’ competitiveness while reshaping global capital markets.
UBS is also expanding its Manhattan complex with a trio of defectors from Morgan Stanley, and Wells Fargo's billion dollar-team binge continues with an ultra-high-net-worth practice in Texas.
A 17-person ensemble led by top-ranking next-gen advisors, the Taylor Group's addition gives Wells Fargo Advisors one of its largest New York City recruits in recent memory.
JPMorgan, KKR, Ares and Cliffwater also announce senior appointments across wealth and alternatives business lines.
Raymond James is also welcoming a $400M Merrill Lynch duo in Lexington, Kentucky, while RBC adds a $542 million UBS team in the Philadelphia market.
Strong advisory flows and trading activity lift results as integration nears completion.
Raymond James is also welcoming a $480M Brooklyn team from Wells Fargo's independent network, while JPMorgan adds a $400M Goldman Sachs advisor in New York.
He left Bank of America for a JPMorgan role. Then, he says, HR stopped listening
Separately, UBS strengthens its Manhattan presence with a defector from Deutsche Bank, while Cetera welcomes a father-daughter tandem from Osaic.
The deal will give Citi Wealth clients access to a single account structure combining ETFs, mutual funds, separately managed accounts and alternatives — with BlackRock integration built in.
Breakaway advisors cite independence, ownership and broader capabilities as key drivers.
Meanwhile, recruiting financial advisors is up at Bank of America and attrition is down, its CEO says.
Meanwhile, Citi logged its best quarterly revenue in at least 10 years, with profitability metric topping the bank's own targets for the first time since 2021.
With $464 billion raised in alternatives since 2019 and wealth management fees up 17% year-over-year, the firm is pressing its advantage.
Touchstone Wealth Partners, a multigenerational team based in Ohio and Florida, is the fourth billion dollar-plus practice to join FiNet this year.
