At a glance
- For advisors still inside bank wealth programs, the hires give a concrete recent benchmark: Raymond James took in two large bank teams within days.
- Citizens Private Wealth added two more bank teams from Comerica Bank and Citi Private Alternatives in the same period.
- Over a four-week stretch, Truist, U.S. Bank and PNC lost four large advisor teams.
Raymond James added two bank teams with a combined $1.16 billion in client assets to its employee channel in the past week, according to Private Wealth Daily.
The additions are Lance Longwater and Ryan Haffey, a $700 million Truist duo who joined in Florida days after a $460 million Wells Fargo team made the same move.
For advisors still inside bank wealth programs, the hires give a concrete recent benchmark: Raymond James took in two large bank teams within days.
Citizens Private Wealth added two more bank teams from Comerica Bank and Citi Private Alternatives in the same period. Over a four-week stretch, Truist, U.S. Bank and PNC lost four large advisor teams.
Four bank teams changed hands this week
Bank wealth teams that joined Raymond James or Citizens Private Wealth in the past week
Longwater & Haffey (Truist)
Joined Raymond James' employee channel in Florida with $700M in client assets.
Wells Fargo team
Joined Raymond James days earlier with $460M in client assets.
Comerica team
Joined Citizens Private Wealth in the same period.
Citi Private Alternatives team
Joined Citizens Private Wealth in the same period.
Reported by the Features desk from Private Wealth Daily's Moves Wire. Published . Corrections