Two advisers managing $266 million at Wells Fargo Advisors in Bothell, Washington, have gone independent as Legacy Wealth Partners and affiliated with Raymond James through Mainspring Wealth Advisors, one of the firm’s offices of supervisory jurisdiction.
The advisers, Jeff Anderson and Doug McClure, had been affiliated with Wells Fargo since 2010 and 2011, respectively. Anderson began his securities career at Merrill Lynch in 2000; McClure started in 1986 at First Investors.
Legacy Wealth account executives Sarah Hand and Monica Rock-Lorimor also made the move to Raymond James.
Altruist founder and CEO Jason Wenk shares insights on the custodial platform's refresh, how it's striking a chord among entrepreneurial advisors, and what's ahead after its latest $152 million funding round.
Following Wall Street Journal reporting from unnamed sources, the Chicago-based financial giant stressed its commitment to "delivering long-term value to our stakeholders."
The advisor, Andrew Nash of El Capitan Advisors, used the funds to buy a house, according to the SEC.
The digital investment platform's announcement of a confidential submission to the SEC comes amid a broader trend of consumer fintech firms going to market.
The Canadian startup's latest funding round, raising $60 million from the banks and other investors, is set to fuel its continued expansion into the US.
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
