Connecticut
Merrill Recruits Morgan Stanley Branch Manager for Connecticut Market
Merrill Lynch has hired a veteran Morgan Stanley manager to help oversee branches in Connecticut, western Massachusetts and portions of New York.
Jairzinho “Jazz” Skair joined Merrill as a market manager overseeing offices in Hartford, New Haven, Springfield, Glastonbury, West Hartford, Farmington, Mystic, Guilford, Southbury and Ridgefield, a Merrill spokesperson confirmed. He reports to Central Shoreline Connecticut Market Executive William Cholawa, who returned to the thundering herd in 2024 after around a decade at UBS.
Skair had most recently been a branch manager for Morgan Stanley in Hartford, according to his LinkedIn. He had started his career in the legal department at UBS Wealth Management USA in 1998 and served in a number of finance, sales and management roles, including branch manager in Westport, before joining Morgan Stanley in 2023.
“I had the opportunity to work closely with Jazz during my time at UBS and saw firsthand his passion for coaching, developing people, and driving results,” Cholawa said in a LinkedIn post announcing the hire. “He is a servant leader who believes in being Authentic, Present, and Useful, and those principles are reflected in the way he leads and supports others.”
A Morgan Stanley spokesperson did not immediately return a request for comment.
Merrill and its wirehouse peers have been shuffling and poaching field leaders as they seek to bolster recruiting in an increasingly competitive market.
To that end, Merrill said it had hired two father-son teams with a combined $560 million in client assets. Both joined on June 17.
Roy Savarick and his son, Evan, joined Merrill from Wells Fargo Advisors where they managed around $280 million in assets, according to the Merrill spokesperson. They generated around $2.3 million in annual revenue.
The elder Savarick, a 44-year industry veteran, is based in the firm’s Florida Tropics market led by Jason Edelmann. Evan, who has 12 years of experience, works in New York City from Merrill’s Park Avenue office led by Joe Doonan. They had joined Wells in 2022 from Morgan Stanley, according to BrokerCheck records.
Separately, Brandon K. Pribyl and his sons, Tobey and Bailey, joined Merrill from Baird Private Wealth Management. They had around $280 million in assets and are based in Davenport, Iowa, according to the spokesperson.
The team, which generated around $1.9 million in annual revenue, is part of the Mid Land Market led by Will Cohen. The senior Pribyl had spent the first decade of his career at Merrill. He was not registered between 2009 and 2016 when he joined with Baird, according to BrokerCheck.
(Updated with clarification on the market manager role.)
Connecticut
Report: CT schools among the most segregated in the U.S.
Connecticut
5 Connecticut towns to receive $2M each for infrastructure upgrades
HARTFORD, Conn. (WTNH) — Five Connecticut towns will collectively receive $10 million in grants for infrastructure upgrades, according to a Monday announcement by Gov. Ned Lamont.
The Connecticut Department of Housing (DOH) is awarding $10.7 million to Coventry, Guilford, Ledyard, Mansfield and Thomaston to modernize and rehabilitate housing for low- and moderate-income residents, the announcement said.
The funds are being released through the DOH’s Community Development Block Grant’s small cities program, with funding from the U.S. Department of Housing and Urban Development. To be eligible, a municipality must have fewer than 50,000 residents.
Cost Breakdown
Coventry: $2 million
Town of Coventry plans to use funds to upgrade, with a focus on making Orchard Hill Estates compliant with the Americans with Disabilities Act (ADA).
Guilford: $2 million
The Town of Guilford plans to use funds to design and build future affordable housing projects, consisting of up to 16 rental units and 8 homes.
Ledyard: $2 million
The Town of Canton requested funding for the first phase of affordable housing for people in Ledyard and the surrounding area. Habitat for Humanity of Eastern Connecticut is in the pre-development phase of the Colby Drive and plans to create 38 units.
Mansfield: $2.2 million
Funding will be used for upgrades to Wright’s Village, including roof replacements and sidewalk repairs.
Thomaston: $2.5 million
Funds will be used to make Green Manor ADA-compliant, including the installation of a new emergency call aid system.
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Connecticut
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