SGC Financial and Insurance Services, a 13-adviser hybrid managing $1 billion, has switched its broker-dealer and corporate registered investment adviser platforms from Securian Financial to LPL Financial, which it will use as its custodian.
The firm, which began as a general agency for an insurance company in 1945, is based in San Mateo, California.
Adviser Matthew Bond has been the firm's president since 2011 and Cara Banchero serves as COO. The team includes 12 other advisers and several support staff members.
See the latest Advisers on the Move here.
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.
