Oppenheimer recruits advisers with $785M in combined AUM
Two advisers who oversaw about $785 million in combined client assets have joined Oppenheimer & Co., a spokesman said.
Advisers Eric Lyons and Mark Yadgaroff previously worked at AllianceBernstein.
Lyons joined Oppenheimer as a managing director and financial adviser in Atlanta where he works under Todd Wiggins, branch manager. Yadgaroff, also a managing director and financial adviser, now operates from the firm's New York office and reports to branch manager Chad Allen.
Mark Whaley, executive vice president of Oppenheimer's Private Client Division, said the firm was looking to recruit more advisers of Lyons and Yadgaroff's caliber.
"Hiring Eric and Mark underscores our commitment to investing in talent, technology, and fostering an entrepreneurial spirit that allows our advisors to grow client relationships with the firm's support," Whaley said in a statement.
Yadgaroff had been with AllianceBernstein since joining the industry in 1988, according to FINRA BrokerCheck records.
Lyons had worked at the boutique firm since 2006, per BrokerCheck.
A spokesman for the company was unavailable for immediate comment.