Ten advisers in teams managing nearly $1.4 billion have joined Janney Montgomery Scott from two wirehouses.
A team of four advisers — George MacKenzie, Paul LoFurno, Robert Cappelli and David Grahn, who managed more than $560 million at Wells Fargo — joined Janney in Philadelphia. They join with Jeanne Willits, their client associates.
The Butera Jordan Bender Hendricks Group, a four-person team managing $575 million at Merrill Lynch, joined Janney in Kingston, Pennsylvania. The team consists of Peter Butera, Steven Jordan, Brad Bender and Mandie Hendricks, as well as associates Marcyanna Horvath and Tracy Smithnosky.
In Ponte Vedra, Florida, the Graves Tidwell Wealth Advisory Group, which managed more than $250 million at Wells Fargo, joined Janney. The group consists of advisers Michael Graves and Jeffrey Tidwell, and their senior associates, Linda Wall and Dawn Bloom.
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.
