LPL Financial has recruited a $200 million duo from Cetera Financial Services.
Tarik Eldin and Mike Hastings, who are the investment unit, SCU Investment Services, of the Sacramento Credit Union, joined the broker-dealer and corporate registered investment adviser platforms, LPL announced Monday.
The team serves Sacramento, Calif., and six surrounding communities, providing comprehensive retirement planning, access to college savings plans, estate planning, pension planning and financial planning services.
According to a statement, the team was attracted to LPL’s “enhanced technology and advisory capabilities.”
“The integrated systems within LPL’s technology platform are going to create more efficiency in our office and make it better for members, too,” Mr. Eldin said. “We can see that already, with it being simple and easy to open a new account and members having the ability to sign their paperwork digitally. It’s going to save us hours each week.”
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.