JTL Wealth Partners, which managed $250 million at Waddell & Reed Financial in Plano, Texas, has changed affiliations and will use LPL Financial’s broker-dealer and corporate registered investment adviser platform, employing LPL as custodian.
Founded in 1994, JTL is headed by Jimmy Lee, who said he wants to expand beyond Texas and brand the firm nationally.
Joining him in the move are JTL Wealth Partners by Bellann Hyten, the firm’s president and COO, as well as Albert Gonzalez, Harry Grant and Chris Mankoff, along with four more financial professionals and a support staff member.
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.
