Four advisers collectively managing $678 million have joined Pinnacle Asset Management, the wealth management arm of Pinnacle Financial, a Tennessee-based bank holding company. The four advisers are now affiliated with Raymond James through its division serving financial institutions and its unit for independent advisers.
Scott Southerland previously managed $179 million at BB&T Wealth in Winston-Salem, North Carolina, where he worked for 14 years.
Jeff Cox spent the last 15 years with Synovus Securities in Atlanta, where he managed $176 million.
Mark Whitley and Josh Holby worked at Wells Fargo Financial Advisors in Charlotte, North Carolina, where they managed $323 million.
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.
