Advisors on the Move: $1.4B Advisors Leave Credit Suisse for JPM
Credit Suisse lost two advisors who managed more than $1 billion in client assets to J.P. Morgan, a spokeswoman said. The Zurich-based firm has been losing advisors since announcing its intention to exit the U.S. wealth management market and having signed an exclusive recruiting deal with Wells Fargo.
However, it wasn't the only firm that lost advisors in this latest roundup. A Morgan Stanley team that managed $450 million went independent with HighTower while a UBS advisor, who oversaw $300 million in client assets, departed for RBC.
See these and all the latest recruiting moves by clicking through our slideshow.