Verus Capital Partners, a Scottsdale, Arizona-based practice serving $1 billion in advisory and brokerage client assets, has joined LPL Financial’s broker-dealer and corporate RIA platforms.
Verus, which includes 30 financial advisers, has a history dating to 2003, when Stephen Bull formed Bull Capital Management. That individual practice morphed into Verus Capital Partners.
Bull is joined by partner Zach Mason, who has worked in the financial planning industry since 2009.
Two of the larger teams supported by Verus are Phillips Financial Management and Oxenham Financial, each serving more than $100 million in brokerage and advisory assets.
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.
