The results of Tuesday’s election create tailwinds for the wealth management industry.
“They have the skills to run huge companies, so why not focus on a start up?" one senior executive said.
“That does not seem like a winning brand positioning to me,” one executive said.
The price tag for the 40 to 50 financial advisors is up to $35 million.
New chief executive Rich Steinmeier replaced Dan Arnold on October 1.
“YieldStreet raised money and some of the ships disappeared,” one attorney says.
LPL's new CEO Rich Steinmeier squeezed into an Elvis outfit on Friday to celebrate Halloween.
"Beating up on a broker who is not represented by an attorney is akin to taking candy from a baby,” says one attorney.
“Recruiting is more intense than ever," one headhunter says.
“With this rapid pace of change, there is always the potential for attrition and elimination of duplicative roles as natural outcomes," said Dimple Shah, executive vice president.
