A pair of Merrill Lynch advisors, Eric Grey and Lance Polverini, have jumped to J.P. Morgan Wealth Administration in Los Angeles.
The Grey-Polverini Crew at Merrill Non-public Wealth Administration focuses on ultra-high-net-worth purchasers and manages round $28 billion in property, producing round $10 million.
Earlier than the change, that they had labored for Merrill Lynch for a number of years. Grey was beforehand employed by Goldman Sachs earlier than becoming a member of Merrill Lynch in 2000. Polverini got here to Merrill Lynch in 2007.
Along with Grey and Polverini, their workforce of funding affiliate Drew Sapede and shopper associates Michelle Blackmer and Irma Deluna will additionally be part of J.P. Morgan Wealth Administration.
At JP Morgan, they are going to report back to David Berger, market chief for the southwest area. Michael Rogers is the southwest regional director.
The transfer comes simply two weeks after a personnel transfer within the different route with Merrill Lynch recruiting a 12-person Florida workforce from JP Morgan that manages $3.5 billion in shopper property.
Grey graduated with a bachelor’s diploma from the College of Pennsylvania and an MBA from the UCLA Anderson College of Administration. He’s a trustee of the New England Conservatory of Music in Boston and is a board member of the Transpacific Yacht Membership and 5 Acres. He additionally based the Los Angeles Crusing Basis.
Polverini graduated with a bachelor’s diploma in political science and authorities from U.C. Berkley and a grasp’s diploma in world politics from the London College of Economics. He’s a CFA Society of Los Angeles and the St. Andrews Catholic Church Finance Council member. He’s a board member of the Pasadena Police Actions League.
