American National Bank of Texas, an independently owned bank with more than 30 locations throughout North Texas, has selected Ameriprise Financial Services as its new broker-dealer.
The Terrell, Texas-based bank joined the Ameriprise Financial Institutions Group from LPL Financial with a team of six financial advisers who help clients manage over $483 million in combined assets.
As part of the transition, the bank formally named its investment program ANBTX Investment Services, a financial advisory practice of Ameriprise Financial Services, Ameriprise said in a press release Monday.
Kathy A. Howe, executive vice president and director of wealth management at ANBTX, leads the ANBTX Investment Services group. The team includes financial advisers Daniel Finch, Jennifer George-Smith, Patsy Gómez, Karen Martin, Cassie Perry and EJ Pipkin; retirement plan adviser Carol Dogans; and senior vice president and program manager Cheryl Sutter.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
