Merrill Broker Managing Nearly $600 Million Launches Indie Firm with RayJay

A Maryland broker who started his career at Merrill Lynch in 2006 has shed his wirehouse jersey to launch an independent practice with Raymond James Financial Services. Nathan S. Harris, a perennial Forbes “best-in-state” advisor since 2018, is calling his new practice Covenant Capital. He had been managing $597 million, according to Forbes magazine, which

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Merchant Buys Minority Stake in $12.2B Raymond James OSJ

Merchant Investment Management, a New York–based private partnership that provides growth capital and other support to independent financial services firms, has taken a minority, non-controlling interest in Concurrent Advisors, a super office of supervisory jurisdiction of Raymond James Financial Services. San Diego–based Concurrent supports 55 advisory teams and a total $12.2 billion in client assets, Merchant’s biggest

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Broker Recruiting Not a ‘Good Formula’ for Clients, Shareholders or Firm: Merrill’s Sieg

June 14, 2021By Mason Braswell and Miriam Rozen Merrill Lynch Wealth Management President Andy Sieg reaffirmed on Monday the firm’s intention to stay out of the veteran broker recruiting game, noting he and other senior executives “don’t think it is a good formula for clients, shareholders or the firm overall.” “One of our principles is that

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