The largest branch of Atria Wealth Solutions subsidiary Cadaret Grant added a billion-dollar team that left the former Signature Bank a couple of months after its failure.

Financial advisors Edwin Milner, Laura Palacios and Jason Kurz dropped Flagstar Bank — whose parent firm took over Signature Bank after its shutdown amid a crisis among regional banks that started with the collapse of Silicon Valley Bank — to join Jericho, New York-based American Investment Planners, the firms said May 31. The team managed $1.1 billion in client assets with their prior firm. Their transition represents the second-largest to any of Lee Equity Partners-backed Atria’s six brokerages this year and the biggest recruiting move across the firm.

“Our business is built on open and honest relationships with our clients, and we owed it to them to offer more robust investment solutions and better technology while still providing the tailored high-touch service they are accustomed to,” Palacios said in a statement. “Feedback from our clients, as well as the recent bank challenges, prompted us to seek a partner who understands our vision and has the capabilities and resources to help us realize that vision.”

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