Martzahl, Barry’s son, registered with Nicolet on September 26, four days after he left the wirehouse, according to the IAPD database. predecessor in 1985 and remained at through successive mergers, according to his BrokerCheck record.Īnother member of the team, Eric R. Martzahl started his career at Morgan Stanley’s E.F. Nicolet managed $1.4 billion in advisory assets as of the end of 2021, according to its most recent Form ADV filing. He was also a perennial figure on Barron’s list of the top 1,200 brokers in the country from 2014 to 2021.īarron’s had placed his team assets at $3.3 billion and a $2 million minimum. In another example of the curse of top-broker lists, Martzahl had been ranked as #3 in Wisconsin this year by Forbes, which said he managed $1.7 billion in assets as of April and had a $1 million minimum account size.
A Nicolet spokesperson confirmed the hire but declined to elaborate on how it evaluated the U5 filing. Martzahl did not immediately return a request for comment sent through LinkedIn and could not be reached through Nicolet’s web directory, which lists 23 financial advisors. Morgan Stanley’s Graystone unit includes 60 teams who manage more than $450 billion in institutional assets, including for public and private corporations, foundations and endowments, according to its website. The material he had included in the performance report did not contain misleading or inaccurate information, the firm noted. The firm specified in the U5 notice that the behavioral issues were not related to sexual harassment or discrimination. Morgan Stanley fired him for “concerns relating to interactions with co-workers” and an issue related to “information” he had included in a portfolio performance report sent to customers without approval, according to a record of termination notices maintained by state securities regulators.Ī Morgan Stanley spokesperson declined to comment on the circumstances behind the concerns. Martzahl’s arrival comes just shy of two months after his departure from Morgan Stanley on August 18, according to the Securities and Exchange Commission’s IAPD database. Martzahl, who had been part of Morgan Stanley’ Graystone Consulting unit, registered with Nicolet Advisory Services, the RIA division of a Green Bay-based Nicolet National Bank on October 6, according to licensing records.
A 37-year industry Morgan Stanley lifer in Green Bay, Wisconsin whose team had managed $1.7 billion for large institutional clients has found a new home at a local bank after his termination this summer over concerns about firm policy violations.īarry J.
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