A team led by Richard Kersting that managed $950 million at 1879 Advisors has joined New York-based Kuttin Wealth Management, a firm whose representatives are affiliated with Ameriprise.
Kersting, who has 33 years of experience, according to BrokerCheck, leads the nine-adviser New York-based team, all of whom made the move, along with seven support staff members.
Also making a move to Kuttin, which manages $5.1 billion, was Vincent Gianatasio, who managed $192 million at Cadaret Grant. Gianatasio has 44 years of experience and had been affiliated with Cadaret Grant for 32 years, according to BrokerCheck.
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.
