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 Acupuncturists Merrill Lynch, NJ

If you're new to holistic healing, acupuncture may seem intimidating. You might be wondering how needles pressed into your skin could possibly make you feel better. Wouldn't someone pushing a needle into your back be painful? As it turns out, acupuncture is far from painful and is quickly becoming one of the most sought-after treatments for chronic pain and for regulating issues relating to:

  • Digestion
  • Hormones
  • Breathing
  • Muscles
  • Nerves & Brain
  • Sex & Libido
  • Body Circulation
  • Organs & Heart

In fact, acupuncture has been studied and practiced for over 2,500 years and, more recently, has been researched and supported by many scientific studies. While acupuncture may not be a "miracle" treatment for every type of pain or condition, it has been shown to be effective in treating a wide range of issues, from depression and allergies to morning sickness and cramps.

Covering the Basics of Acupuncture in Merrill Lynch, NJ

Acupuncture is a therapy in traditional Chinese medicine (TCM) that aims to balance the body's energy, called qi, which flows through pathways called meridians. This balance is crucial for overall wellness, as disruptions to qi can lead to health concerns. According to TCM, inserting small stainless-steel needles into specific points called acupoints along the meridians can help rebalance the flow of qi and restore overall health.

These acupoints are believed to release certain chemicals when stimulated, which can trigger an immune response and promote physiological homeostasis. Recent research suggests that this therapy may help alleviate symptoms of various health ailments.

In fact, the National Institute of Health conducted a survey on complementary health approaches, revealing that acupuncture usage in the United States has increased by 50 percent between 2002 and 2012. As of 2012, 6.4 percent of American adults have reported using acupuncture as a form of treatment.

Acupuncture Near Me Merrill Lynch, NJ

Is Acupuncture in Merrill Lynch, NJ Actually Legit?

One of the most common questions from new patients interested in acupuncture typically revolves around whether it really works or whether it's all "new age" malarky. We get it - for most folks, the thought of inserting stainless-steel needles into one's back, arms, or neck sounds loony. However, with the ever-increasing popularity of acupuncture in New Jersey and other locations, numerous studies centering on acupuncture's effectiveness have taken place.

Extensive research has been conducted on the effectiveness of acupuncture for various conditions. A February 2022 analysis published in the BMJ, which evaluated over 2,000 scientific reviews of acupuncture therapies, revealed that acupuncture's efficacy is strongest for:

  • Neck Pain
  • Back Pain
  • Post-Stroke Aphasia
  • Muscle Pain
  • Lactation Issues
  • Lower Back Pain
  • Asthma
  • Allergies
  • Vascular Dementia
  • More

Additionally, according to the National Institutes of Health (NIH), acupuncture is most effective for pain relief in cases of chronic conditions such as osteoarthritis, lower back pain, and tension headaches. Additionally, a review of 11 clinical trials found that acupuncture may also alleviate symptoms associated with cancer treatment, as noted by the NIH.

What Happens During an Acupuncture Session at New Jersey Sports Spine & Wellness?

When meeting with your acupuncturist for the first time, they will discuss your condition with you before conducting a physical examination to identify areas of your body that might respond to acupuncture. The needles used in acupuncture are incredibly thin, sterile, and disposable, with your acupuncturist inserting them at different depths ranging from a fraction of an inch to several inches.

Acupuncture needles are less painful than medical needles used for vaccines or blood draws. This is because acupuncture needles are thinner and solid, not hollow. During the treatment, you may experience some muscle sensations like dull aches or tingling.

Your practitioner will ask you to report any deep heaviness or numbness, which are positive signs that the treatment is working. Depending on the condition you're treating and the supplemental treatments you're undergoing, like physical therapy, acupuncture needles will remain in place for several minutes or up to 30 minutes.

Once your first acupuncture treatment is finished, it's normal to feel extra relaxed and calm. For that reason, some patients like to arrange for a ride home after their first or second session. With that said, you shouldn't experience much pain at all, and it's quite possible for you to return to work after acupuncture.

How Many Treatments Until Acupuncture Works?

This is another common question that we get at New Jersey Sports Spine & Wellness. The simple answer is, "It depends." While we understand that that's not a satisfying answer for some, it's important to understand that every patient is different. Everyone has different bodies and, by proxy, different bodily conditions and issues that need to be addressed.

During your initial consultation at our office, your licensed acupuncturist will go over your needs and goals as it relates to acupuncture therapy. Once your therapist has a good sense of the scope of your needs, they can give you a loose idea of how many sessions you'll need.

Generally speaking, most patients have appointments once a week. Others may require more or less frequent sessions. It's important to note that the full benefits of acupuncture may not be immediately evident after the first or even the second session. It's common for normal patients to undergo up to five treatments to realize the full benefits of acupuncture.

What Conditions Are Treated with Acupuncture in Merrill Lynch, NJ?

There's no question that acupuncture is more popular than ever as a non-invasive, non-addictive way to reclaim balance and well-being. But what types of conditions can this traditional therapy help alleviate in the modern world? Advances in acupuncture techniques and applications have resulted in some very promising benefits.

Relief from Chronic Pain

Did you know that regular acupuncture treatments can help reduce the pain associated with osteoarthritis? In May 2017, a meta-analysis was published, which studied approximately 18,000 patients with chronic pain, such as low back, neck, and shoulder pain, knee OA, and headache or migraine. The analysis found that the benefits of acupuncture therapy in reducing pain lasted for more than 12 months.

That's wonderful news for athletes and other people who push their bodies daily to accomplish goals or bring home money for rent and bills. In fact, many medical experts consider acupuncture as a viable option for managing chronic pain in conjunction with traditional methods like physical therapy and chiropractic care. The idea behind this approach is that acupuncture may trigger the body's natural healing response to alleviate pain.

When a licensed acupuncturist in New Jersey inserts an acupuncture needle, it penetrates your fascia, a connective tissue that wraps around your organs and muscles. Like a slight tickle on your arm, your body realizes that something is happening and responds by delivering lymph fluid, blood, and other important nutrients to speed up healing in affected areas like your knees, back, neck, joints, and more.

 Fertility Acupuncture Merrill Lynch, NJ
 Best Acupuncture Merrill Lynch, NJ

Migraine Headache Relief

If you're like other people who suffer from migraines, you know that once one of them hits, it can be next to impossible to function properly throughout the day. Fortunately, acupuncture in Merrill Lynch, NJ may be a viable solution if you have to endure migraines often.

A study conducted in 2009 by the Center for Complementary Medicine at the University of Munich analyzed 11 studies involving 2,137 patients who received acupuncture treatment for chronic tension-type headaches. The researchers concluded that acupuncture could be an effective non-pharmacological solution for frequent headaches.

The study compared the effects of acupuncture sessions with sham acupuncture and no treatment at all. Both groups that received acupuncture treatment, whether needles were placed randomly or strategically, reported a reduction in headache symptoms, while the control group reported no change. The group that received real acupuncture treatment also reported a decrease in the number of headache days and intensity of pain in a follow-up survey.

Improved Sleep

For individuals who struggle with insomnia and other sleep disturbances, acupuncture is a promising therapy. Although sedatives are commonly prescribed for insomnia, long-term use can lead to negative side effects such as dependence and excessive drowsiness.

A study conducted on 72 participants and published in Sleep Medicine in 2017 found that individuals who received acupuncture three times a week for four weeks experienced significant improvements in sleep quality and anxiety compared to those who received sham acupuncture.

Similarly, a review of 30 randomized, controlled trials found that acupuncture was more effective in improving sleep quality and daytime functioning than sham acupuncture.

 Acupuncture Clinic Merrill Lynch, NJ
 Facial Acupuncture Merrill Lynch, NJ

Better Recovery from Surgery

While many patients choose acupuncture as a way to avoid surgery altogether, those who need surgery also use it for improved recovery. Because, at the end of the day, recovering from surgery is no easy feat. Patients may experience various symptoms such as nausea, vomiting, pain around the incision, restlessness, sleep troubles, constipation, and sore throat.

According to Johns Hopkins Medicine, healthcare providers may use acupuncture as a way to alleviate some of these symptoms and help with healing. A study published in Integrative Cancer Therapies in January 2017 involving 172 participants found that patients who received acupuncture after surgery reported significant improvements in sleep, anxiety, pain, fatigue, nausea, and drowsiness.

 Acupuncture Treatment Merrill Lynch, NJ

The Surprising Benefits of Supplementing Physical Therapy with Acupuncture

Did you know that supplementing physical therapy with acupuncture and vice versa can have profoundly beneficial effects for patients in New Jersey and across the country? If you're like most, chances are you didn't.

The truth is that acupuncture and physical therapy have both been proven effective in reducing pain and inflammation. While many people view them as separate methods, combining the two modalities can produce a synergistic effect that enhances pain relief and delivers long-lasting benefits to patients.

Physical therapists work with patients of all ages and abilities, from children to elderly adults, to help them overcome physical limitations and improve their quality of life. At NJ Sports Spine & Wellness, our physical therapists help treat a wide range of conditions, from neck pain and spinal cord injuries to back pain and arthritis.

To effectively reduce pain and treat tissue injury, a combination of acupuncture and physical therapy can be very helpful. Acupuncture helps to reduce inflammation and release muscle tightness and trigger points, allowing the patient to better receive manual therapy or exercise-based physical therapy techniques. In doing so, acupuncture can actually create a window of time that allows your body to respond better to other treatments at New Jersey Sports Spine & Wellness, such as physical therapy and chiropractic care.

There are many benefits of combining physical therapy with acupuncture in Merrill Lynch, NJ, including the following:

  • Increased Range of Motion
  • More Effective Long-Term Pain Relief
  • Enhanced Tissue Repair & Healing
  • Better Response to Physical Therapy Due to Pain Reduction
  • Less of a Need for Pain Medications
  • Boosted Mood & Energy
  • Better Quality of Life Overall

You may be wondering, "Are there any studies showing these benefits?" As it turns out, there are many. One such study, published on the NIH's website, was conducted on patients suffering from frozen shoulder.

 Acupuncture Therapy Merrill Lynch, NJ

Patients who received acupuncture experienced a significant reduction in pain, while those who underwent physical therapy saw an improvement in range of motion. However, the best outcome was observed in patients who received a combination of both treatments, with reduced pain, increased their range of motion, and improved quality of life. This study highlights the potential benefits of using acupuncture and physical therapy as complementary treatments for frozen shoulder.

It makes sense, then, that people from all walks of life are combining acupuncture with chiropractic treatments at New Jersey Sports Spine & Wellness, including:

  • Professional Athletes
  • Football Players
  • Soccer Players
  • Baseball Players
  • Construction Workers
  • Landscapers
  • Accountants and People Working Office Jobs
  • Public Officials
  • Police Officers
  • More

Combining Acupuncture with Chiropractic Care for Pain Relief and Wellness

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At New Jersey Sports Spine & Wellness, our doctors, practitioners, occupational therapists, and physical therapist specialize in a range of therapies and treatments. Much like physical therapy and acupuncture, combining chiropractic care with acupuncture therapy gives patients a new way to reclaim their mobility, reduce chronic pain, and maintain a healthy quality of life.

Chiropractic care and acupuncture in Merrill Lynch, NJ are natural healing practices that don't rely on drugs to improve the body's health. They focus on correcting imbalances in the body's structural and supportive systems, promoting natural healing, and ultimately leading to better health. These practices have a proven track record of helping patients improve their quality of life and overcome physical difficulties.

 Medical Acupuncture Merrill Lynch, NJ

What are the Benefits of Using Acupuncture with Chiropractic Care?

Integrating chiropractic and acupuncture as a dual-modality treatment offers the most efficient solution for removing blockages from the body, promoting balance, and accelerating healing. Rather than using these treatments sequentially, a combined approach allows for maximum benefits at one time.

Chiropractic targets subluxations in the nervous system through manual adjustments, facilitating the central nervous system to promote healing, while acupuncture removes blockages that may hinder the body's internal balance. Together, these treatments work synergistically to optimize energy flow and restore harmony in the body.

 Cosmetic Acupuncture Merrill Lynch, NJ
 Cosmetic Acupuncture Merrill Lynch, NJ

What Conditions Can Be Treated with Acupuncture and Chiropractic Care?

When our physical well-being becomes imbalanced, and our innate healing mechanisms are compromised, illnesses can manifest. The integration of acupuncture and chiropractic practices can effectively address a wide range of health conditions that they individually target, such as:

  • Sports Injuries
  • Headaches
  • Sciatica
  • Lower Back Pain
  • Neck Pain
  • Insomnia
  • Chronic Conditions Like Diabetes
  • More

Curious if combining chiropractic care or physical therapy with acupuncture is right for your body? The best way to find out is to make an appointment at our sports rehab clinic in New Jersey. Once our team of medical professionals has a chance to evaluate your conditions, we can explore the best options to provide the most relief in the shortest amount of time possible.

The Premier Choice for Professional Acupuncture in Merrill Lynch, NJ

New Jersey Sports Spine & Wellness consists of a team of athletic trainers, chiropractors, occupational therapists, physical therapists, and other professionals. We're very proud and passionate about caring for our patients, many of whom are suffering from debilitating conditions like back and neck pain, plantar fasciitis, sports-related injuries, and more. If you're trying to get on the road to pain relief and recovery, acupuncture may be the non-surgical solution you need to reclaim your life. Contact our office today to learn whether this exciting treatment is right for you.

phone-number732-526-2497

Latest News in Merrill Lynch, NJ

Merrill Trims Divisions, Morgan Stanley Shuffles NJ Managers

The game of musical chairs among wirehouse field leaders continues as Merrill Lynch reshuffled its divisional structure and Morgan Stanley shifted managers in New Jersey last week.In the more sweeping change, Merrill effective January 1 will trim its seven sales divisions to six, a company spokesperson confirmed. The consolidation was announced in an internal memo on Friday from Merrill Co-Heads Lindsay Hans and Eric Schimpf.R. Chandler Root IV, the leader of a now-consolidated Midwest division, is retiring and will leave the f...

The game of musical chairs among wirehouse field leaders continues as Merrill Lynch reshuffled its divisional structure and Morgan Stanley shifted managers in New Jersey last week.

In the more sweeping change, Merrill effective January 1 will trim its seven sales divisions to six, a company spokesperson confirmed. The consolidation was announced in an internal memo on Friday from Merrill Co-Heads Lindsay Hans and Eric Schimpf.

R. Chandler Root IV, the leader of a now-consolidated Midwest division, is retiring and will leave the firm in February as part of the shifts. The shift will have ripple effects in terms of realigning markets in his old territory to new leaders.

Root, who had spent all but one year of his 29-year career with Merrill, was elevated from a North Carolina market manager role in 2021 and had previously led Merrill’s Southeast division and markets in Western New York and New Jersey. He started his career as a financial advisor in Punta Gorda, Florida at Raymond James & Associates in 1994 but moved to Merrill the following year, according to BrokerCheck.

A portion of his old territory is being consolidated into a new Central Division that will also include a portion of Merrill’s Texas South Markets Division. Debbie Shepherd, a U.S. Naval Academy graduate and 33-year Merrill veteran who previously oversaw the Texas South Division, will oversee the new Central Division.

Specifically, Shepherd will assume responsibility for markets including: Bloomfield Hills, Greater Detroit, Chicago Metro, Chicago North, Chicago West, Farmington Hills and Associates, Indiana, Midland, Central West Michigan and Wisconsin.

Shepherd, who is based in Dallas, will retain responsibility for most of the old Texas South division except New Mexico, which will be aligned to the Mountain Pacific Division under Anthony DiBlasi.

Another segment of Root’s former territory, including the Western Pennsylvania, Northeast Ohio, Ohio Valley and ‘Buckeye’ markets, will realign to the Mid Atlantic Division under Craig Young. Additionally, a Louisville, Kentucky market will fall under the Southeast region led by Steve Alch.

There are no changes to the Northeast Division under Keith Glenfield or the Pacific Coast led by Brian Ludwick. Root’s retirement was earlier reported by Barron’s.

Merrill has been adjusting field leadership roles over the past year, including shifting their priorities from hiring novices from non-traditional firms to recruiting larger veteran producers with top-of-market bonuses. It collapsed 10 divisions into six in 2017 but added a seventh in the last two years.

Meanwhile, Morgan Stanley Wealth Management has tapped two veteran managers to bolster oversight of its ever-shifting New Jersey market, according to an internal memo last week.

Jeffery L. Tucker, a former divisional manager at Merrill who joined Morgan Stanley in 2017, is returning to field management as head of the Northern New Jersey market. Tucker had been head of advisor trainee sourcing and development since 2018.

Richard Less, who oversees the Northern New Jersey market and Paramus, will retain responsibility for Paramus. Shaun C. Lehrer, who had been managing Morgan Stanley’s Short Hills branch since 2019, is stepping down as part of the changes, according to the memo.

The memo did not name a replacement for Lehrer. Rhonda M. Peluso, the branch manager for Little Falls, will now report to Tucker, according to the memo.

A Morgan Stanley spokesperson declined to comment on the reorganization and on what role Lehrer will take at the firm.

Morgan Stanley also formed a new Greater New Jersey market led by David M. Fritz, according to the memo. Fritz, who will continue to lead the Central New Jersey market, will oversee Tucker as part of the Greater New Jersey role.

Fritz, who started his career in 1996 at UBS and joined Morgan Stanley through Smith Barney in 2005, was promoted to head Morgan Stanley’s three-office complex in Florham Park in 2019. He did not immediately return a request for comment.

In June, the wirehouse reshuffled its management in Southern New Jersey and New York City. Christopher W. Shaw, a 28-year Morgan Stanley veteran and longtime Southern New Jersey manager, stepped down and the territory he oversaw was split into two geographies under Katie Flaherty. Shaw joined independent broker-dealer Sanctuary Wealth in October as East Coast regional managing director.

Six-Person Team Leaves Merrill Lynch, Creates Premier Path RIA

Launched with support from Dynasty Financial Partners, the New Jersey-based team managed $875 million at Merrill.A six-person team in Florham Park, N.J., has departed Merrill Lynch to build an independent registered investment advisory firm with support from Dynasty Financial Partners.Led by CEO and Founding Partner Michael Lehman, Dynasty announced the launch of Premier Path Wealth Partners on Tuesday. At the same time, Lehman announced two new hires.Related: ...

Launched with support from Dynasty Financial Partners, the New Jersey-based team managed $875 million at Merrill.

A six-person team in Florham Park, N.J., has departed Merrill Lynch to build an independent registered investment advisory firm with support from Dynasty Financial Partners.

Led by CEO and Founding Partner Michael Lehman, Dynasty announced the launch of Premier Path Wealth Partners on Tuesday. At the same time, Lehman announced two new hires.

Related: Dynasty Financial Partners Launches Investment Bank

“We've been thinking about doing this for several years,” Lehman said. “We’re planners and we did our due diligence and looked at everything from making a lateral move to another wirehouse, which we quickly dismissed, to quasi independence to full independence, which became our only choice.”

The team—including Partner and COO Derek Wittjohann; Partner Patrick York; Chief Administrative and Compliance Officer Linda Kalata; and Relationship Managers Rebecca Garcia and Patrick Regan—managed $875 million at Merrill Lynch.

Related: Wells Fargo Breakaways Create New Boutique Ohio RIA

Lehman said he

expects to bring a good chunk of those assets over to Premier Path.

“We're very optimistic,” he said. “Obviously, these are decades-long relationships we had but the response has been incredibly enthusiastic when they hear about it too. It aligns our interest with their interest, and it aligns our values with their values—particularly with the business owners, corporate executives and families we work with.

“Their only question at the end was, why didn't you do this 10 years ago?” he said.

Premier is leveraging Dynasty’s expertise around technology, investment research and M&A, while taking full advantage of the platform’s back-office, compliance and marketing support services. The firm has chosen Fidelity as its first broker and custodian, with plans to become multi-custodial down the road. It is using eMoney for financial planning and Black Diamond for portfolio management.

“We are no longer subject to one platform—and that's not against Merrill Lynch, but any wirehouse,” Lehman said. “We are a buyer of the Street and have access to research and products and technology, frankly. We’re also able to put together a team customized to the clients’ needs, and I think we're making that statement right off the bat with the new hires we’ve made.”

Brian Glenn has joined Premier as director of investments and Bill Ehrhardt is the firm’s new head of business advisory services. With decades of industry expertise in advisory services, practice management, succession planning, investment strategy and mergers and acquisitions, Lehman said adding the pair establishes a foundation for Premier’s growth as it seeks to serve UHNW families and business owners.

Lehman said the firm will employ M&A alongside an organic growth strategy after the transition is compete, with a focus on finding like-minded advisors with similar clients.

“There's no question that I think that we could quadruple [in size] inside of five years, but our focus is on the short term, to build out our infrastructure in the right way, take care of our existing clients right now,” said Lehman. “So, I'm laser focused on our existing clients right now, and I think this independent practice will attract a lot of like-minded advisors and teams.”

“Mike Lehman and his impressive team are a great fit for the independent wealth arena,” Dynasty CEO Shirl Penney said in a statement. “Because of their commitment to staying on the cutting edge of technology and investing, they will flourish with access to the full marketplace of strategies, research and tools.”

In addition to helping launch two brand new firms in 2023, the other from 50-year-old RIA Linscomb & Williams, Dynasty also assisted with the transition of two teams to existing partner firms—one from Wells Fargo and another from Morgan Stanley.

On Monday, Dynasty announced the launch of Dynasty Investment Bank and the extension of M&A advisory services to firms outside the Dynasty network for the first time.

Merrill Moves: NJ Team With $875-Mln Book Launches RIA, Billion-Dollar Chicago Team Joins Sanctuary

A six-person team in New Jersey on Monday decamped from Merrill Lynch to launch their own registered investment advisory firm in Florham Park.The team, which is led by Michael Lehman, had been generating $4.9 million in revenue and oversaw $875 million in assets, Lehman confirmed. They are calling their firm Premier Path Wealth Partners and contracted with Dynasty Financial Partners, an RIA service provider, for back-office services.“We decided full independence was the way to go to control our own destiny,” Leman, ...

A six-person team in New Jersey on Monday decamped from Merrill Lynch to launch their own registered investment advisory firm in Florham Park.

The team, which is led by Michael Lehman, had been generating $4.9 million in revenue and oversaw $875 million in assets, Lehman confirmed. They are calling their firm Premier Path Wealth Partners and contracted with Dynasty Financial Partners, an RIA service provider, for back-office services.

“We decided full independence was the way to go to control our own destiny,” Leman, 56, said in an interview.

As part of the move, they are expanding the team and have hired Brian Glenn and Bill Ehrhardt as director of investments and head of business advisory services, respectively. The two will add financial planning expertise and help Premier eventually find other practices to buy. Such hires were not permitted at Merrill where there are restrictions around who can join the team, Lehman said.

“At a corporate level, they only have basically their recommendations of what type of person they think you should have,” Lehman said. “And that clearly doesn’t fit what the customized needs are of our clients and the direction we are going.”

The Premier Path team also includes Derek Wittjohann and Patrick York as well as support staff Linda Kalata, Rebecca Garcia and Patrick Regan. They are dropping their brokerage licenses as only a basis point of their revenue came from commissions, Lehman said.

At Merrill, the team had been called The Lehman Eger Group. Richard Eger, a 35-year industry veteran who is listed on their former Merrill page, had been partnered with Lehman for the past decade and retired through Merrill’s Client Transition Program, Lehman said.

Their practice serves around 200 clients, according to Lehman. They had been growing their book at Merrill but were frustrated by the firm’s edicts around adding new households, he said. The firm in 2018 implemented a “growth grid” system that required a minimum of three net new households per broker per year to avoid a pay cut.

“There was a conflict in what direction we were going and what direction the firm asked us to,” Lehman said. “Clearly we didn’t want to bring in dozens and dozens of clients who didn’t meet the specific needs and sophisticated infrastructure we established.”

“We wanted to grow…but not just to add anybody,” the broker added.

Lehman had ranked #21 on Forbes’ list of the best-in-state wealth advisors list for 2023 and typically works with households with between $4 million to $15 million in assets, according to the publication. He started his career at PNC Capital Markets in 1996 and also worked for Wells Fargo Advisors and predecessor firms before joining Merrill in 2010, according to BrokerCheck.

Premier Path custodies with Fidelity Investments, which provided them with “transition assistance” in the form of reimbursement for third-party service provider expenses such as research, marketing or software costs, according to its Form ADV. Lehman is otherwise self-financing the firm, he said.

Their move followed the Friday departure of a separate Merrill team in Chicago who had been managing $1 billion in assets. The group is led by James M. Corrigan, David Holtkamp, Sean M. Jucas and Kenneth Shay, and joined independent broker-dealer Sanctuary Wealth.

“While we knew we had outgrown the wirehouse, our team didn’t want to go out on our own,” Corrigan said in a statement.

Corrigan had spent the last 13 years of his 17-year career with Merrill, according to BrokerCheck. Holtcamp began his career at the thundering herd 15 years ago, and Jucas had been with Merrill for 16 years, according to the database. Shay, a 50-year industry veteran, had also been registered with Merrill for 16 years.

The group is calling their new practice Burnham Harbor Private Wealth and also moved with client associates Basel Alwawi and Cindy Hehr.

Sanctuary, which fired its founder and CEO in February, also that month recruited a Merrill team in The Woodlands, Texas, who managed $1.5 billion in assets.

A Merrill spokesperson declined to comment on Monday’s move.

N.J. Advisor Trio Join RJFS Indie Channel With $435M AUM

Financial advisors Jeanne Eisele, Mary Gilbert and Leanne Gray, operating as Anchor Financial in Linwood, N.J., have joined Raymond James Financial Services (RJFS), the St. Petersburg, Fla.-based firm’s independent advisor channel, according to Shannon Reid, Northeast division director for RJFS.The Anchor team, which also includes client service associate Sarahjane Hehre and branch operations coordinator Bonnie Hehre, was formerly with UBS Financial Services, where they managed nearly $435 million in client assets.Eisele ...

Financial advisors Jeanne Eisele, Mary Gilbert and Leanne Gray, operating as Anchor Financial in Linwood, N.J., have joined Raymond James Financial Services (RJFS), the St. Petersburg, Fla.-based firm’s independent advisor channel, according to Shannon Reid, Northeast division director for RJFS.

The Anchor team, which also includes client service associate Sarahjane Hehre and branch operations coordinator Bonnie Hehre, was formerly with UBS Financial Services, where they managed nearly $435 million in client assets.

Eisele said in a news release announcing the affiliation that once she and her partners decided they wanted to take the practice in a new direction, they needed a new partner as well.

“We were ready to establish a family-style, private office while simultaneously leveraging the resources that Raymond James provides to create the perfect blend of the flexibility of independence with the power, backing and oversight of the home company,” Eisele said.

A 45-year industry veteran, Eisele spent the past decade at UBS Financial Services as first vice president of investments, the same title she held at Merrill Lynch prior to joining UBS. In addition to her professional work, the New Jersey native also co-hosts “It’s Your Money,” a long-running South Jersey radio show on personal finance that airs Saturday mornings on WOND.

Gilbert, a graduate of the University of Pittsburgh, where she earned her bachelor’s degree in economics, is a certified divorce financial analyst (CDFA) with 35 years of industry experience. She most recently served as senior vice president of investments at UBS upon transitioning from Merrill Lynch in 2012. After working in wirehouses for so many years, she said the three partners decided to become entrepreneurs, instead of employees.

“It was important for us to take true ownership of our business,” Gilbert said in the news release. “We found a partner in Raymond James that allows us to focus on what matters most – taking care of our clients and managing their wealth. The firm shares our values, and its scale ensures our clients have access to excellent resources and technology.”

Gray was a financial advisor at UBS for a decade, and at Merrill Lynch for four years. Similarly to Gilbert, Gray also is a CDFA, as well as a graduate of Villanova University College of Commerce and Finance, where she earned a bachelor's degree in business.

Gray said in the news release that as a certified financial planner (CFP) professional, it was deeply important to her and her team to affiliate with a firm that continued to uphold the legacy of the late Raymond James founder, Robert A. “Bob” James, someone she said was ahead of his time in pioneering a planning-based approach to investing.

“The firm continues to be client-centric in the financial services they offer,” she said.

Raymond James Financial Services Inc. (RJFS) and its affiliate, Raymond James & Associates Inc., are wholly owned subsidiaries of Raymond James Financial Inc., a diversified financial services company overseeing total assets of approximately $1.17 trillion as of December 31, 2022.

Former Merrill Lynch building to become new home of Novo Nordisk

Image courtesy of Eric ManganPLAINSBORO — Danish pharmaceutical company Novo Nordisk announced yesterday a $215 million plan to strip, renovate and occupy a 770,000 square-foot Scudders Mill Road office building that was a former home of Merrill Lynch.The plan to house 1,500 Novo Nordisk employees there by spring of 2013 is welcome news for those involved with the property and its aging institutional buildings. The plush office building, which is a...

Image courtesy of Eric Mangan

PLAINSBORO — Danish pharmaceutical company Novo Nordisk announced yesterday a $215 million plan to strip, renovate and occupy a 770,000 square-foot Scudders Mill Road office building that was a former home of Merrill Lynch.

The plan to house 1,500 Novo Nordisk employees there by spring of 2013 is welcome news for those involved with the property and its aging institutional buildings. The plush office building, which is adjacent to a Wyndham hotel and conference center and a six-acre lake, would become the new U.S. headquarters of Novo Nordisk, a specialist in diabetes care.

“It’s a fantastic transaction for all parties involved, mostly for Novo Nordisk. They are getting a phenomenal building, with a great chasis of a building that was built 25 years ago and could not be replicated in today’s dollars,” said Kurt M. Eichler, executive vice president of LCOR, a partner in the deal.

Merrill built the mammoth administrative office building at 800 Scudders Mill Road in 1985, after purchasing the land from Princeton University. Combined with the hotel portion, the buildings measure a million square feet of space there, Forrestal Center marketing director David Knights said.

The company had been reducing the number of workers at the site in years leading up to the recession, and left the site for good in 2008.

Another Wall Street investment firm, BlackRock, moved in behind Merrill, but it too announced plans to exit the site in 2010.

“The building essentially became totally vacant when BlackRock left and secured 150,000 square feet in West Windsor. So this is great news for us,” Plainsboro Mayor Peter Cantu said.

The site is owned by a group that includes the development company LCOR, Ivy Equities and Intercontinental Real Estate Corp. They will gut the building, strip it down to its frame and construct a newer, greener building in its place. Novo Nordisk has signed a 15-year lease on the property.

“We’re going to be removing the exterior concrete panels and demolishing the interior of the building so that what you’ll see in the next six months will be a steel skeleton,” Ivy Equities co-CEO Anthony P. DiTommaso Jr. said.

Part of the financing of the deal comes from investments by several unions, including the Northeast Council of Carpenters, the New Jersey Laborers, and the New Jersey Operating Engineers.

The unions pooled a combined $100 million into an investment fund managed by Intercontinental Real Estate Corp., which contributed funding to the project.

“The New Jersey Carpenters put out a request for information about nine months ago to look for a real estate firm like ours to manage a mandate for them to put their pension dollars to work, first in superior real estate deals, and second, they had a twin interest in job creation,” Intercontinental CEO Peter Palandjian said.

The Intercontinental Build Reinvestment Fund or IBREIF, which has attracted funds from several New Jersey unions, expects that its investment at the site will not only create significant returns for the pension fund, but will also create roughly 500 construction jobs, Palandjian said.

One of the difficult jobs they’ll be handling will be removing the building’s concrete panels without disturbing the 100 acres of woodland that surround the former Merrill campus, DiTommaso said.

"It will probably be the most delicate part of the renovation process," said. Once the demolition phase is complete, construction of the new building according to LEED environmental standards will begin.

“Our redevelopment plans call for attaining LEED certification for the base building and interior renovations from the U.S. Green Building Council,” Novo Nordisk spokesman Ken Inchausti said.

Novo Nordisk’s plans for the larger building come in response to the company’s steady growth in the Plainsboro-Princeton area, where it already has offices at four other buildings in the Forrestal Center.

“Since 2007 the (U.S.) headcount has grown from about 2,000 to about 4,500 employees, and just in the Princeton area, it’s grown to a little over 1,000 employees right now,” said Jeff Frazier, Novo Nordisk’s corporate vice president of human resources.

The company’s Princeton staff, which works primarily in corporate management and clinical development, is expected to grow to 1,300 workers by the time the company moves into the new building in 2013, Frazier said.

Novo Nordisk is planning to maintain its presence at a large office complex at 1100 Campus Road, one of the four buildings it occupies in the Forrestal Center, Inchausti said.

The pharmaceutical company is vacating three other leased buildings at 100, 150 and 500 College Road, he said.

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