U.S. markets closed
  • S&P 500

    4,432.99
    -40.76 (-0.91%)
     
  • Dow 30

    34,584.88
    -166.42 (-0.48%)
     
  • Nasdaq

    15,043.97
    -137.93 (-0.91%)
     
  • Russell 2000

    2,236.87
    +3.96 (+0.18%)
     
  • Crude Oil

    71.96
    -0.01 (-0.01%)
     
  • Gold

    1,753.90
    +2.50 (+0.14%)
     
  • Silver

    22.36
    +0.02 (+0.10%)
     
  • EUR/USD

    1.1734
    -0.0037 (-0.32%)
     
  • 10-Yr Bond

    1.3700
    +0.0390 (+2.93%)
     
  • GBP/USD

    1.3734
    -0.0063 (-0.45%)
     
  • USD/JPY

    109.9200
    +0.2020 (+0.18%)
     
  • BTC-USD

    47,625.72
    -522.77 (-1.09%)
     
  • CMC Crypto 200

    1,193.48
    -32.05 (-2.61%)
     
  • FTSE 100

    6,963.64
    -63.84 (-0.91%)
     
  • Nikkei 225

    30,500.05
    +176.75 (+0.58%)
     

Merrill Lynch Loses Advisors With $600 Million to Raymond James, Stifel

·2 min read
Merrill Lynch Loses Advisors With $600 Million to Raymond James, Stifel
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Two former Merrill Lynch teams managing more than $600 million in assets left the wirehouse to join competitors Raymond James and Stifel Financial, the firms said. The hires come during an increasingly hot recruitment market that has been a boon for advisors looking to change employers, but has been a challenge for firms’ hiring efforts. Beavers Wealth Management, a five-person team that managed $427 million in assets at Merrill Lynch, joined Raymond James & Associates, the firm’s employee advisor channel, according to an August 3 press release.