Alex. Brown, a division of Raymond James, said it has added Daniel Laiter, a Florida advisor who managed more than $250 million in assets at Merrill Lynch.
Laiter will join the firm’s Brickell Avenue branch in Miami.
According to his BrokerCheck report, Laiter has 25 years of experience. He had been affiliated with Merrill Lynch since 2008, and earlier did stints at Lehman Brothers, Credit Suisse Securities and Donaldson Lufkin & Jenrette.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
