Over the past few weeks advisors from Credit Suisse, RBC Wealth Management and Morgan Stanley have moved over to Merrill Lynch bringing a combined total of $919.5 million in assets at $6.4 million in production.
“These hires are consistent with our strategy to attract the industry’s best talent for our clients, and to size our advisor population to meet market opportunity,” a Merrill Lynch spokesperson said.
In order of production, Craig Weinstein joins from Credit Suisse First Boston where he managed $174.2 million in assets and produced $1.57 million. Weinstein began his career in 2000 at UBS in Stamford, Conn., and now operates out of Dallas, Texas.
From RBC, the team of Emory Ragsdale, Wade Myatt and Lynde Jackson join Merrill Lynch’s College Station, Texas, office and represent $151.6 million in assets and $1.3 million in production. Ragsdale began her career at Dean Witter Reynolds in 1981 and moved into Morgan Stanley through a series of mergers before moving to RBC in 2003, according to public records with the Financial Industry Regulatory Authority. Myatt began at Dean Witter in 1997 and moved to RBC in 2005. Jackson had been at RBC for all four years of her career.
Four advisors join Merrill Lynch from Morgan Stanley. David Vallie, a 26-year industry veteran, joins in Grand Blanc, Mich., and managed $159.6 million in assets with a production of $1.27 million.
In Fort Lauderdale, Fla., Christine Reilly joins Merrill Lynch having managed $158.8 million in assets and generating around $499,000 in production. Reilly began her career with Prudential in 1983 and had been at Morgan Stanley for three years.
Dan Sandlin represented approximately $150.8 million in assets and $691,000 in production. He operates out of Chicago and has 12 years of experience, three of which were with Morgan Stanley.
Joining the Merrill Lynch Valley Coast complex in Ventura Coast, Calif., Jason Lloyd represents $124.5 million in assets and $1.04 million in production. Lloyd has 13 years of experience since beginning his career with UBS in 1999.