Pat Clifford and Tyler Lewis, who managed $275 million at Wells Fargo Advisors, have opened an advisory firm in Tyler, Texas, and affiliated with LPL via its Strategic Wealth Services.
Joining Clifford and Lewis at the new firm, Clifford-Lewis Private Wealth, are Karen Vaughan, who serves as director of planning, and Sherryl Miles, who’s director of client relations.
Clifford has 19 years of experience, according to his BrokerCheck report, and had been affiliated with Wells Fargo since 2012. Lewis has seven years of experience and had been affiliated with Wells since 2016.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
