Slideshow Billion-Dollar Roundup: Biggest Advisor Moves This Year

Published
  • June 15 2015, 8:14am EDT
11 Images Total

Billion-Dollar Roundup: Biggest Advisor Moves This Year

2015 is proving to be a busy recruiting year, as the wirehouses and other firms have scored huge recruiting grabs. For example, Merrill Lynch recruited a Morgan Stanley team managing $1.2 billion in assets. That team is led by Bruce Munster, who was featured as No. 7 in On Wall Street's Top 40 Advisors Under 40. Raymond James & Associates recently lured away a Morgan Stanley team managing $2.4 billion – representing a recruiting record for the super-regional firm.

To see these and the rest of the largest grabs so far this year, please click through our slideshow.

This list is based on publicly announced moves and reporting by On Wall Street.

$550M+ Merrill Advisors Go Indy

Merrill Lynch advisors with over $555 million in combined client assets left the firm to start an independent practice with Wells Fargo Advisors Financial Network.

Advisors Doug Brandeen and David Brandeen, both brothers, a team comprised of Jeff Link and Dean Shuplinkov, and Jeff's brother Rob joined forces to start Baltimore-based Highline Financial Advisors, Wells Fargo says.

To read more, click here.

Content Continues Below


$650M Barclays Team Joins Wells

A $650 million team left Barclays for Wells Fargo.

Michael Blaustein and Maureen Clancy joined Wells in New York as managing directors for investments, the firm said. Both are working from the Madison Avenue branch as the Blaustein Clancy Financial Group of Wells Fargo.

To read more, click here.

Morgan Loses $665M Team to Raymond James

A Morgan Stanley team that managed more than $665 million in client assets left the wirehouse to join Raymond James & Associates, the firm said.

The six-advisor team generated nearly $4 million in annual revenues while at Morgan.

The team, now operating as the Horizon Group, joins Raymond James in Grand Blanc, Mich., where team member Terrence Andrysiak will serve as branch manager.

To read more, click here.

Image: Terrence Andrysiak

$700M Team Joins Wells Fargo Advisors

Wells Fargo Advisors picked up a team managing $700 million in client assets from Morgan Stanley.

The seven-member team last week joined Wells Fargo in Deerfield, Ill., a suburb of Chicago. They report to branch manager Heather Crist.

The team, known as the Northshore Group, consists of advisors Pat Callaghan, Alan Fishman, Bernard Neuman, Jonathan Neuman, Tom Puccinelli, Stan Slovin and Lisa Su. Also moving with the team are senior registered client associates Irene Kapusciarz and Melissa Vald.

To read more, click here.

Image: The Northshore Group

Content Continues Below


Dynasty Grabs $800M Morgan Stanley Team

An advisor team that managed $800 million in assets for Morgan Stanley has left to go independent with Dynasty Financial Partners, the firm said.

The move surpasses Dynasty's largest wirehouse grab in 2014: a $700 million team formed by three Merrill Lynch advisors who had not previously worked together.

The newest additions to Dynasty's platform, wirehouse veterans Scott Highmark and Larry Shikles, founded Mosaic Family Wealth of St. Louis last week.

To read more, click here.


Image: Larry Shikles and Scott Highmark

$1.3B Team Lands at Morgan

Morgan Stanley picked up a UBS team that had $1.3 billion in AUM. The group joined Morgan Stanley Private Wealth Management in Los Angeles, where the team's members report to Complex Manager Greg Laetsch.

The team's leader, Greg Fullmer, started his financial services career with Goldman Sachs in 1988, according to FINRA records. He joined UBS in 2004. Also on the team are Daniel Hawkins, Douglas Dyakon, Joel Russak, Alex London, Emma Goodman and J.B. Kalin.

To read more, click here.

Content Continues Below


$2.4B Team Joins Raymond James

Raymond James recruited a $2.4 billion team from Morgan Stanley – the biggest in the firm's history, a spokeswoman said.

The move is a milestone in Raymond James' recruiting efforts, as the firm has sought to build out its employee channel, particularly in the Northeast and Pacific Coast states. This latest move dwarfs the firm's biggest grab last year, a $900 million team from J.P. Morgan. That four-advisor team opened Raymond James' first office in Manhattan.

The newest recruits, led by advisor Don d’Adesky, are based in two Florida offices: Boca Raton and Miami.

To read more, click here.


Image: the Americas Group

Merrill Grabs $2.9B Team From Morgan

Merrill Lynch lured away an advisor team generating $4 million in annual revenue from Morgan Stanley, a spokeswoman said.

The team, led by advisor John Mirsepahi, joined Merrill's Rockefeller Center office in New York last week. Mirsepahi was reuniting with the firm, after previously working for Merrill from 1999 to 2005 before leaving to join Smith Barney.

According to the latest Barron's top advisor rankings, Mirsepahi and his team managed $2.9 billion in client assets. He said he made the move because of the banking and lending capabilities available at Merrill through Bank of America.

To read more, click here.

$3B Team Heads to Deutsche from J.P. Morgan

A mega team jumped to Deutsche Asset & Wealth Management from J.P Morgan Private Bank.

The three-member team oversaw $3 billion in assets, according to a person with knowledge of the move.

Oti Roberts joined Deutsche as a managing director and senior private banker, while Freddy Menjivar joined as director and senior investment advisor. Scott Shuffield also joined as an associate banker.

Robert and his team will be based in Miami, serving ultrahigh-net-worth clients in the firm's southeast region. The group will report to Chip Packard, co-head of wealth management in the Americas.

To read more, click here.