Jim Wallisch and Andrew Wallisch, who manage $325 million in brokerage and advisory assets and an additional $60 million in 401(k) assets, have switched their broker-dealer and corporate registered investment adviser affiliations to LPL Financial from Raymond James.
Joining the father-and son-team in the move are Jim Wallisch’s other son, Jonathan, and two staff members.
The senior Mr. Wallisch began his securities career in 1984 at Prudential-Bache Securities. He launched his independent practice in 1990 and affiliated with Raymond James in 1996.
Andrew Wallisch joined the business seven years ago.
The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.
The latest snapshot report reveals large firms overwhelmingly account for branches and registrants as trend of net exits from FINRA continues.
Siding with the primary contact in a marriage might make sense at first, but having both parties' interests at heart could open a better way forward.
With more than $13 billion in assets, American Portfolios Advisors closed last October.
Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.
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.
