Advisory Teams Jump Between Wirehouses, Benefitting Wells Fargo and Merrill

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. An 11-person Long Island-based team with $1.8 billion in managed assets is joining Wells Fargo from Merrill, while Merrill is acquiring a $800 million Rhode Island-based trio from UBS. The Melville, N.Y.-based Infinity Private Wealth is led by Gianluca Palermo and Nicholas Frangas, with financial advisors Charles Donnelly, Marc Stenzler, Sheena Marr, John Mulligan, Vincent Parziale and Thomas Houl ...