By Corrie Driebusch
Merrill Lynch adviser Jeffrey M. Fratarcangeli has established
an independent financial advisory practice affiliated with Wells
Fargo Advisors Financial Network.
Wells Fargo Advisors Financial Network is the independent
brokerage arm of Wells Fargo Advisors.
Mr. Fratarcangeli previously managed more than $424 million in
client assets, according to his new firm. His independent practice
is located in Birmingham, Mich., with offices in New York and
Florida.
Mr. Fratarcangeli spent the past five-plus years at Merrill
before going independent Monday, according to Financial Industry
Regulatory Authority records. Prior to joining Merrill in 2008 he
worked for Citigroup Inc., Finra records show.
A spokeswoman for Merrill Lynch confirmed Mr. Fratarcangeli's
departure but declined to comment further.
In 2013 and 2014 Mr. Fratarcangeli was named the No. 17 adviser
in Michigan, according to Barron's list of top financial advisers
by state.
(Street Moves chronicles the migration of executives on Wall
Street, with a particular emphasis on financial advisers with more
than $1 million in annual production and those who manage more than
$100 million in client assets.)
-Write to Corrie Driebusch at corrie.driebusch@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires