In Lansing, Mich., Craig Stiles, Gregory Miller and Nathan Clark have joined Ameriprise’s employee channel, the company says. They previously managed around $256 million at Merrill Lynch, according to Ameriprise.
Miller has been in the financial services industry for close to 33 years, Stiles for 17 and Clark for 13, the company says.
“We were looking for greater flexibility to evolve our business in a way that allows us to serve clients well,” Clark says in a statement. “Ameriprise stands out for sticking to their financial planning roots, while continually enabling advisors to serve clients in a modern way.”
Earlier this month, Ameriprise poached a Merrill Lynch broker overseeing $168 million. The wirehouse also lost a four-advisor team managing $675 million and a two-advisor team overseeing $175 million to Ameriprise in September.
Meanwhile, a broker Merrill Lynch sacked two years ago over alleged business expense improprieties has found a new home.
Charles Pouliot and Brian Burkhart have joined Bridgeway Wealth Partners in New York, the company says. The team manages more than $450 million, according to Bridgeway.
Merrill Lynch discharged Pouliot in October 2017 over allegations that he submitted inaccurate business expense reimbursement reports, according to his BrokerCheck profile.
Burkhart joined the financial services industry in February 2017, registering with Merrill Lynch, and left the wirehouse in September the following year, according to BrokerCheck. Burkhart has a bankruptcy disclosure dating back to 2011 which has been dismissed, according to his record.
Founded by Brian Reichberg, Philip Gaucher and Gib Dunham, Bridgeway previously oversaw $152 million for 20 accounts, according to its most recent Form ADV.