An advisor who was terminated from Merrill Lynch for "inappropriate workplace behavior" landed at Wells Fargo Advisors, according to his website and BrokerCheck records.
A spokeswoman for Wells Fargo declined to comment, but BrokerCheck records confirmed Marc Lowe joined the firm on August 26.
In 2011, Barron's listed Lowe's AUM as $5 billion. His former teammates remain at Merrill.
In a filing contained in his CRD, Merrill said it discharged Lowe due to "conduct involving inappropriate workplace behavior, resulting in a loss of management's confidence."
Neither Lowe nor his attorney returned calls seeking comment. However, in July, Jeff Compton, an attorney representing Lowe, took issue with Merrill's allegations and argued that that this was not a case about a rogue broker.
"That is not Marc. This is not in any way customer or compliance-related," Compton said. "This appears to be largely based on a personality conflict with a middle manager that Merrill brought in to manage a legacy group of BofA brokers."
At the time, Compton said that Lowe may have run into issues for having raised his voice with a colleague, swearing and wearing sandals to the office following toe surgery. He also made a comment about a colleague's Halloween costume.
Compton said that "the level of the types of things that they used to justify a termination, really in my mind as well as Marc's peers, will not give rise [to] good cause."
Lowe was not the only big advisor to have been terminated by Merrill this year. Thomas Buck, an ex-advisor formerly based in Indianapolis, parted ways with the wirehouse in March. According to a note in his BrokerCheck record, the firm discharged him for allegations including mismarking bond cross trade order tickets and failing to provide accurate information to management during account reviews.
Buck and his daughter Ann later landed at RBC, but FINRA barred him from the industry in July for overcharging clients and misleading clients and misleading some clients about the advantages of fee-based accounts.