Eight representatives who managed $300 million at Waddell & Reed have affiliated with the independent unit of Raymond James through Beyond Wealth Advisors, an affiliate based in Manhattan, Kansas.
Advisers Ross McDonald, Anthony Gorman, Ryan Hayden, Diane Freeby, Mathew Bishop, Devin Schwartz, Dillon Kohman and Kurt Haberer have made the move, along with client service associates Gwenda Bishop, Lisa Dziedzic and Lorie Grogg.
LPL announced late last year that it was buying Waddell & Reed's wealth management business and would offer stay bonuses to the unit's more than 900 advisers.
RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.
UBS has a history of costly litigation stemming from the sale of volatile investment products.
New director David Woodcock puts firms on notice over fees, conflicts, and liquidity risk as private credit shows signs of stress.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
