Normally, some of the biggest wealth news of the week would have been about LPL Financial’s and RBC Wealth Management’s recruitment of large advisory teams from Northwestern Mutual, UBS and JPMorgan.
But those wins were overshadowed this week by a lawsuit Merrill filed after one of its star teams — a group managing roughly $129 billion in Atlanta — left to start an RIA with Dynasty Financial Partners.
Still, the movement of teams with $1 billion or more in AUM remains noteworthy. Keep reading for details about those deals and other recruiting and acquisition moves announced this week.
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