Advisor Intelligence

Advisors on the Move: Individual FAs Shifting Gears

Individual advisors, rather than teams, seem to be the biggest movers and shakers this week, with Wedbush, UBS, Stifel and even independent RIA firm Stratos Wealth Partners new faces.

  • Litman Gregory Asset Management added new senior investment advisor Meredith Shuey Etherington to its firm this past Tuesday. Etherington was most recently a portfolio manager at Brown Investment Advisory & Trust. Prior to that, she also worked as a financial analyst in the Private Wealth Management division of Goldman Sachs.  In this new position Etherington will focus on advising working individuals, family groups, foundations and endowments.
  • Financial services holding company, Stifel Financial, increased their efforts recently with three new hires. Earlier this week, financial advisors Marty O’Connor and Terry Gordon joined Stifel’s Private Client Group office in Del Mar, Calif. O’Connor will be vice president of investments and was previously at Wells Fargo Advisors, where he served clients who maintained $180 million in assets. Gordon will also be vice president of investments and comes from RBC Wealth Management. Before that she worked at A.G. Edwards & Sons/Wachovia Securities. In addition to this week’s new duo in California, Stifel also snagged industry veteran and Morgan Stanley advisor Bruce Gould, for their Garden City, N.Y., private client group office last Thursday.
  • On Monday, Wedbush Private Client Services Group lured away Raymond James advisor, Michael Menefee, to join their Dallas office. Prior to his successful career in wealth management, Menefee served in the U.S. Marines and was decorated for his intelligence efforts.
  • Highly respected independent advisory firm Perella Weinberg Partners brought on Brian Silver as a Partner at the beginning of the week. Silver was most recently a managing director in Morgan Stanley’s Healthcare Investment Banking Group. At Perella Weinberg Partners, he will focus on serving clients in the healthcare sector.
  • UBS snagged a new executive director and insurance product manager last Tuesday. Pat Landau will join forces with Clark Smith, head of wealth management insurance sales, to help with growing this increasingly important sector at UBS. Landau comes from Morgan Stanley and was most recently their Executive Director of Insurance within their Investment Products Division. 
  • Ohio-based Stratos Wealth Partners, an independent RIA firm, expanded their presence early last week. Former Edward Jones advisor, Donnie Dietz, joined Stratos as an advisor for their new Conway, Ark. location as well as did former Prudential advisor Philip Garrett, Jr., to their new location in New Orleans.  In addition, Stratos also snatched Michael Mays and Thomas Strohl from Wells Fargo Advisors, along with longtime LPL Financial advisor, James Pierik for their San Diego office.
  • Former NFL quarterback- turned financial advisor, Cade McNown, was picked up at Lourd Capital Management at the beginning of last week. McNown—who joined as a vice president—was most recently a private banker at J.P. Morgan, and was in the Private Wealth sector at UBS before that. Prior to his career as a financial advisor, McNown was drafted by the Chicago Bears in 1999, and went on to play professional football in the NFL for the following four years. 

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Diana Britton is the Managing Editor of WealthManagement.com and REP. Magazine, covering asset management and independent broker/dealers from all angles. A native of Los Angeles, she now lives in...

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