![]() The pair, along with senior client relationship associate Cindy Rosendale, previously managed $425 million at Morgan Stanley. ![]() William Blair, meanwhile, said it also recruited Mark Warren and John Warren as managing directors and wealth advisors in Denver. Since then, First Republic advisors have found new homes at Morgan Stanley and Rockefeller Capital Management as well as at RBC. Some even jumped to JPMorganĪs of May 1, 229 advisors remained at First Republic, a spokesperson for JPMorgan said in the first week following the takeover. “Our clients will benefit greatly from the vision and collective resources the firm offers.”įirst Republic, which has aggressively poached advisors from rivals to build its wealth unit, has seen a large number of them flock to those same competitors in recent months - even after JPMorgan's May 1 acquisition.Īmid concerns over First Republic Bank’s fate prior to the sale and following the March 10 collapse of Silicon Valley Bank, several First Republic advisors collectively managing tens of billions of dollars took off for Morgan Stanley, RBC Wealth Management and UBS, among other firms. “We are thrilled to join William Blair’s Private Wealth team, a group with a long-standing reputation for unique investment solutions, a strong balance sheet, and a staunch commitment to advisor-led management of their business,” she said in the announcement. Ward has been in the financial services industry for 37 years and with First Republic since 2005, according to BrokerCheck. The group previously managed more than $2 billion at First Republic Investment Management, according to William Blair. Ward joins as managing director and wealth advisor alongside senior investment specialist John Cella, senior client relationship associate Lisa Kwong, and client relationship associate Josh McDaniel. William Blair announced that it has added a four-person team in San Francisco led by Laura Harrison Ward. ![]() First Republic advisors continue fleeing the failed bank’s private wealth unit despite JPMorgan’s acquisition last month. ![]()
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