Miles Marshall was "the proverbial big fish in a small pond," according to one attorney.
However, in its note, Citi Research did not cite a direct competitor making inroads in hiring Commonwealth advisors.
Financial advisors live in fear of a large firm dirtying their work histories after they leave a firm.
LifeMark Securities has faced scrutiny in the past for its sales of GWG L bonds.
LPL has closed 56 deals in its succession program, using $690 million of capital, according to William Blair analyst Jeff Schmitt.
"We think this happened because of Anderson's age and that he was possibly leaving," said the advisor's attorney.
Michael Bradley faces allegations of "improper recommendation to clients" who bought GPB securities.
Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.
FINRA has been focused on firms and their use of social media for several years.
In regards to the new fund, called WVB All Markets Fund, Morningstar analysts wrote that, "despite the brand-name pedigree of the asset managers involved, most of these strategies are untested."
