A jury in Houston this month awarded more than $12 million to the families of three people killed in a plane crash in 2019 whose pilot, Jeffrey Weiss, was a financial adviser at Raymond James & Associates Inc., according to published reports.
Weiss and five passengers were killed in April 2019 when the plane they were in crashed in southern Texas. The plane went down in Kerrville, some 70 miles northwest of San Antonio, during an attempted landing, according to news reports at the time.
Weiss worked at Raymond James & Associates Inc. in Houston. A 43-year industry veteran, he had worked at Raymond James since 2012.
A spokesperson for Raymond James said Friday the company had no comment.
The families filed the wrongful death lawsuit in 2019 and the suit was decided Dec. 6, according to published reports.
According to a report in the Houston Chronicle, In the three years since the lawsuit's filing, it was determined that Weiss, an experienced pilot with 5,000 flight hours, miscalculated the fuel needed to fly from Katy to the Kerrville area airport, the paper reported, citing attorney Richard Mithoff.
Advisors who expect an edge from alternatives' illiquidity premium – without understanding the underlying terms and explaining them to clients – have a world of learning to do.
The social influencer Tyler Bossetti pleaded guilty to wire fraud and aiding in the filing of false tax documents as a result of the real estate scheme, which ran from 2019 to 2023 and used platforms including Facebook and YouTube.
The latest LIMRA data release shows continued growth in RILAs, variable annuities, and FRD products, though researchers argue more education is still needed.
Indivisible Partners builds on its strategy to take turf in the independent space with its latest move in Colorado.
LPL's latest addition, a San Diego team defecting from RBC, represents a milestone for the broker-dealer giant's Strategic Wealth model for wirehouse breakaways.
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
