Puzzle Wealth Solutions, a 10-person, six-adviser team that managed $1.2 billion at UBS Financial Services, has gone independent and affiliated with LPL Financial through Gladstone Wealth Partners, an LPL office of supervisory jurisdiction.
Puzzle, which is led by John Klaas and David Millington, has opened offices in Schaumburg, Illinois, a suburb northwest of Chicago.
Klaas started in the industry in 1988 and had been at UBS since 2007, according to his BrokerCheck report. Millington has 21 years of experience and had also been at UBS since 2007.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
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
