Rockefeller Lands Large Morgan Stanley Team

Rockefeller Capital acquires The Merlin Wealth Management team from Morgan Stanley in Atlanta. Michael Merlin leaves Morgan after 10 years with over a decade spent at Citigroup prior to joining Morgan. The team’s production was approximately $8 million, managing approximately $2 billion in assets. This is yet another great acquisition for Rockefeller Capital. About Rockefeller…

First Republic Hires A Monster Team

First Republic acquires a $10 million group, Sal Tiano and team in Florida. Sal leaves JP Morgan after 29 years. The team was managing approximately $2 billion + in assets at JPM. A great win for First Republic. ABOUT FIRST REPUBLIC First Republic has been on a major recruiting binge, recruiting top teams nationally. In…

Bidding War Heats Up For GS Teams

UBS Private Wealth Management in Boston and Los Angeles picks one of the largest teams in the nation. The national practice is head up by Denis J. Cleary and Gregory M. Devine. They are one of the fastest growing PWM teams in the industry, managing more than $20M in production and $6B in assets. This…

At The High! Elite Practice Valuations Have Skyrocketed

Seller’s Market Begging Advisors To Name Their Price During and shortly after the financial crisis recruiting deals skyrocketed to all-time highs No longer were practice acquisitions being had in the 200’s, rather the best teams were cashing in above 300%. First Republic, Wells Fargo, and even Morgan Stanley says ‘hold my beer’. Premium deals routinely…