Advisors on the Move: $2.2B Advisor Leaves Credit Suisse for J.P. Morgan
Credit Suisse lost a handful of advisors managing a combined $4.1 billion in client assets. The Zurich-based firm has been hemorrhaging advisors since announcing plans 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 Wells Fargo team that managed $400 million joined Raymond James while a UBS advisor, who oversaw $260 million in client assets, left the firm for the bank side at SunTrust Private Wealth Management.