Financial Planning – $1.4B Merrill Team Goes Indy With Dynasty

Group Shot outdoors small

Full Article

A Merrill Lynch team that oversaw $1.4 billion in client assets has gone independent with help from Dynasty Financial Partners, the firm said.

The team, based in Aventura, Fla., consists of advisors Steven Wagner and his son, Michael, as well as Ivan Hernandez. Also moving are Diana Torre, director of client services, and Cherie Cohen, director of operations.

The elder Wagner said that they made the move in order to offer their clients “a higher end, more personal level of service in a conflict-free environment.” Wagner has nearly four decades of industry experience, according to FINRA BrokerCheck records. He started his career at J.B. Hanauer, and later worked at Smith Barney and UBS before joining Merrill in 2009.

The junior Wagner joined his father at UBS in 2006. Hernandez also started his career J.B. Hanauer in 1995. He moved to UBS in 1998. The two advisors joined the senior Wagner in making the move to Merrill in 2009.

Dynasty last announced new breakaways at the end of August, when a Wells Fargo team that oversaw more than $250 million in client assets left the wirehouse.

Receive for Insights

This field is for validation purposes and should be left unchanged.

RELATED ARTICLES

Steven Wagner Explains Why Advisors are Leaving Merrill Lynch to Business Insider

Steven Wagner Explains Why Advisors are Leaving Merrill Lynch to Business Insider

Read More
Michael Wagner Discusses Portfolio Tax Management with U.S. News & World Report

Michael Wagner Discusses Portfolio Tax Management with U.S. News & World Report

Read More
Michael Wagner Explains the Role of a Portfolio Manager to U.S. News & World Report

Michael Wagner Explains the Role of a Portfolio Manager to U.S. News & World Report

Read More
Omnia Family Wealth Recognized in Financial Advisor Magazine’s 2021 RIA Ranking

Omnia Family Wealth Recognized in Financial Advisor Magazine’s 2021 RIA Ranking

Read More
Michael Wagner on Fox Business: Warnings from the Bond Market

Michael Wagner on Fox Business: Warnings from the Bond Market

Read More
Michael Wagner Explains the Fed’s Selling of Corporate Bonds Announcement to CFO Dive

Michael Wagner Explains the Fed’s Selling of Corporate Bonds Announcement to CFO Dive

Read More
Michael Wagner Discusses Faith-Based Investing with The New York Times

Michael Wagner Discusses Faith-Based Investing with The New York Times

Read More
Michael Wagner to Speak at the 28th Annual Planned Giving Council Symposium

Michael Wagner to Speak at the 28th Annual Planned Giving Council Symposium

Read More
Michael Wagner Discusses the Increased Interest in Municipal Bonds with Bloomberg

Michael Wagner Discusses the Increased Interest in Municipal Bonds with Bloomberg

Read More
©2022 Omnia Family Wealth, All Rights Reserved.