From the Desk of Jim Eccleston at Eccleston Law LLC:
Ahead of the announced Barclays’ merges with Stifel, two big producers, Jim Ertmann and Ben Foster have left from Barclays to join Merril Lynch.
The team reportedly generated $5.8 million in production during a seven year stint at Barclays. They now are part of Merrill’s Private Banking and Investment Group in Chicago.
Even though Stifel has offered lucrative incentives for those Barclays advisors who remain, Barclays’s wealth unit has lost over $6 billion in client assets and about 50 advisors, since news of the merger was announced.
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