Gregg Stupinski joins as the North Florida complex manager of Raymond James & Associates, the firm’s traditional employee broker-dealer, the company says. He will oversee 10 branches across the region, according to the press release. Stupinski was previously Morgan Stanley’s complex director in Southwest Florida, Raymond James says.
“I was drawn to Raymond James because of the firm’s client-first culture and entrepreneurial spirit,” Stupinski says in the press release. “Those are qualities that resonate among financial advisors and managers alike. The freedom given to advisors to truly run and grow their business the way they know best, and the affirmation that they own their client relationships, continue to make Raymond James a firm of choice for many experienced advisors.”
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Wells Fargo Loses Advisors to Ameriprise, Steward Partners
Wells Fargo, meanwhile, continues shedding advisors as the firm tries to rebuild its reputation in light of sales practice-related scandals across its breadth of operations.
Mike Wincek, Dave Casteel and Justin Bostic have joined Ameriprise’s employee channel in Omaha, Neb., as Wincek Casteel Financial Strategies, according to a press release from Ameriprise. They previously oversaw $174 million at Wells Fargo, Ameriprise says.
"We chose the firm because we embrace financial planning — and that’s the core of what Ameriprise does, and we like that the firm has the capital to keep up with changes in technology,” Wincek says in the press release. “Technology is paramount to my clients and the way we do business."
And in Paramus, N.J., Wells Fargo lost Dennis Reynolds to Steward Partners Global Advisory, an employee-owned independent partnership associated with Raymond James Financial Services, Steward Partners says. Reynolds managed $72 million at Wells Fargo, according to Steward Partners. He has been in the industry since 1986 and with Wells Fargo since 2009, according to his BrokerCheck profile.
“I’m thrilled to be a part of Steward Partners’ quickly growing team in New Jersey and Raymond James’ network of advisors. I can’t wait to begin speaking with my clients about everything now available to them and look forward to starting this next stage of my career.”
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UBS Loses FA to Steward Partners, Poaches Veteran Merrill Lynch Broker
Steward Partners also picked up an advisor from UBS, Steward Partners says.
Nick Fiegoli joins Steward Partners’ New York office, the company says. He previously oversaw $140 million at UBS, according to the press release from Steward Partners. Fiegoli had been with UBS since 2009 after 14 years with Merrill Lynch, according to his BrokerCheck profile.
UBS, meanwhile, was able to nab a Merrill Lynch advisor who’s been with the firm for more than three decades.
Patrick Ford joins UBS Financial Services’ New Albany, Ohio, office, partnering with James & Hull Wealth Management Partners, UBS says in a press release. He works with individual clients as well as families and businesses, according to UBS. Ford began his financial services industry career with Merrill Lynch in 1987, according to his BrokerCheck profile.
“I strive to build enduring client relationships by providing outstanding service and guidance,” Ford says in the press release.“I strongly believe open and trusted collaboration during the planning process is a crucial element in achieving optimal outcomes for my clients. I look forward to maintaining that same approach as I begin this new chapter of my career at UBS."
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LPL Adds $120 Million Practice
North Hampton, N.H.-based Seacoast Financial Network, made up of financial advisors Julie Welch and Dan Goland, join LPL's broker-dealer and corporate RIA platforms, LPL says in a press release. The team previously oversaw $120 million, according to LPL.
LPL has had some turnover in recent weeks. In March, it poached a pair of Wells Fargo advisors overseeing $110 million, but lost a team managing $173 million to Ameriprise and a team of advisors overseeing $638 million to Raymond James. And firms affiliated with LPL picked up several advisors this month from Northwestern Mutual Investment Services and U.S. Bancorp Investments who were overseeing $300 million.
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