A Houston-based advisor team with over $165 million in client assets has left Merrill Lynch to form a new hybrid registered investment advisory, Royal Harbor Partners. The new firm, which is using Purshe Kaplan Sterling Investments as its broker/dealer, is led by partners Glenn Royal, Michele Jones and Natalie Picha.
All three advisors have histories at Merrill Lynch and Morgan Stanley. Royal is also the former mayor of Seabrook, Texas, a suburb of Houston, and Picha currently serves on the Seabrook City Council.
The team focuses on generational wealth transfer clients and business owners, with specialties in the aerospace, marine/Port Houston, petrochemical, oil and gas, and medical industries.