Family offices traditionally were set up by wealthy families to manage their assets, along with handling taxes, estate planning and other chores. As the ranks of the rich expanded, so did the number of family offices.
The former Goldman mortgage-backed securities star will take over from John Hollyer, who is retiring.
A 12-member group at the independent broker-dealer will work on company and industrywide initiatives.
MMC Group will be based in RBC’s office in Jericho, New York.
Former adviser Lester Burroughs was also found guilty of wire fraud in a criminal case.
Evan Lereah’s father started the Red Bank, New Jersey-based business 40 years ago.
D.R. Saur Financial will be integrated into Beacon Pointe’s Plano, Texas, office.
The analyst twice purchased securities after he learned a fellow analyst was upgrading his recommendation in impending research reports and then lied to Finra staff about his trading.
Andrew Meredith and Kevin Lindung are based in Towson, Maryland.
Walnut Beech Advisors maintains offices in Michigan and New York
