“The variety of consolidators drives competition, but it can make the market confusing,” one recruiter said.
“Stifel Financial made no offer to settle,” the client's attorney said.
George Tamer, recently named as the "channel enablement leader" at Wells Fargo, worked at TD Ameritrade for 20 years until 2021.
Antoniades’ position as CEO of Cetera Financial Group has been in question since spring of 2023.
Morgan Stanley reported this week that a state securities regulator has been seeking information from the firm.
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.
