Stifel – so far - is on the hook for more than $166 million in damages, legal fees and settlements in investor complaints involving Roberts, a 35-year industry veteran.
Some investors recently have seen million dollar plus decisions by FINRA arbitration panels involving complex products decisions go their way.
Former advisor Isaiah Williams allegedly used the stolen funds from ex-Dolphins defensive safety Reshad Jones for numerous personal expenses, according to police and court records.
RIA assets are key for broker-dealers right now.
"Semiliquid funds are making private markets more accessible but are much pricier than public market funds," according to Morningstar.
Northern Trust is "absolutely loaded with wealthy clients," one executive said.
The advisor, Andrew Nash of El Capitan Advisors, used the funds to buy a house, according to the SEC.
Mayer Brown, GWG's law firm, agreed to pay $30 million to resolve conflict of interest claims.
The giant clearing and custody firm doesn't want to ruffle any feathers of select clients, one executive said.
Counting advisor moves in and out of firms requires some art as well as science.
