Duran's United Capital sold to Goldman Sachs in 2019 for $750 million in cash.
The ESOP Group, founded in 1989, specializes in working with business owners on the sale of their businesses.
The new firm's pay 'is significantly enhanced from the industry norms,' according to an investor presentation.
'The streamlining of the business is very critical,' says CEO Mike Tiedemann.
The new broker-dealer expects to transition up to 30 financial advisors who are currently registered with Osaic.
Jack Ginter was the president of Wells Fargo's private bank until he left in 2021.
The Royal Alliance name and brand had been around since 1989.
Toronto-based CI says it will combine offices in Boston, Chicago and Miami, in addition to the New York office move it announced earlier this year.
Wedbush staff members sent and received messages related to providing investment advice to the firm's clients, according to the SEC.
'Kowach has been laying the groundwork for this since last year,' says one industry source.
