Advisor Moves: Morgan Stanley Loses FA to Ameriprise, and More ...
Calvin Kong of Mitchel Field, N.Y., joins Ameriprise’s employee channel as managing director, according to a press release from the company.
His practice, now called the Kahn and Kong Group — named in honor of his friend and partner, the late Harold Kahn — previously oversaw $141 million at Morgan Stanley, Ameriprise says.
"After careful deliberation, I decided to move to Ameriprise because it is known for its client-centric culture, and its commitment to comprehensive financial advice,” Kong says in the press release. “Additionally, I have access to industry-leading technology and top research. These items are already making a difference in my practice and the value I am able to provide to clients.”
He then had a stint of less than a year at Merrill Lynch before joining Morgan Stanley in 2013, according to his profile.
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Merrill Lynch Appoints New Maryland Region Head
Wirehouse Merrill Lynch has promoted one of its veteran employees to head its Maryland region, according to news reports.
Jeff Adams, a 25-year veteran of Merrill Lynch, is taking over from Carol Nevins, who’s transitioning to her new role as head of the Philadelphia region, a spokesperson for the wirehouse tells FA-IQ sister publication FundFire.
Adams had been banking market executive for the firm’s New York region for the past decade, according to the publication.
Colleen Matteson is replacing him in that role, FundFire writes.
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Cetera Hires New Chief Human Resources Officer
Cetera Financial Group has appointed a new chief human resources officer, the company says.
Jeannie Finkel will oversee Cetera’s firm culture, employee engagement, talent management and organizational design, Cetera says in a press release.
Finkel’s previous role was as chief administrative officer at outsourced sales services firm Cydcor, but she’s also worked in senior human resources roles and as advisor to senior management at Charles Schwab, Countrywide Financial and Trust Company of the West, Cetera says.
"I’m thrilled to be returning to financial services, and by the opportunity to play a role in Cetera’s exciting present and promising future," said Finkel. "I believe it’s great people that make an organization a great place to work and do business with, and I am honored to become part of the stellar team at Cetera."