Staples Financial, a hybrid firm in Inver Heights, Minnesota, that manages $150 million in assets, has affiliated with the broker-dealer platform of LPL Financial and also will use its registered investment adviser platform.
The firm, which was formerly affiliated with First Allied Securities, part of the Cetera network, is led by Kristopher Staples and Trevor Johnson. Office manager Rachael Johnson is also making the move.
Staples’ father, Art, founded the firm 45 years ago; Johnson joined the business in 2008.
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.
