LPL Financial has hired Bill Sappington as executive vice president of banking and lending solutions. He will lead the firm’s efforts to build a new banking and lending platform, the company said in a release.
Sappington most recently served as head of wealth management and private banking for City National Bank. Earlier, he was the head of private banking at BNY Mellon, where he introduced banking and lending capabilities to the independent advisers using Pershing Advisor Solutions and Pershing.
Before joining BNY Mellon, Sappington led the development of the Merrill Lynch Loan Management Account, which was the first fully integrated digital lending solution in the industry.
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Also, CAPTRUST adds a $300 million planning team from Sanctuary in its home market of Raleigh, and Sequoia Financial Group buys a Boulder family office.
New nonvoting shares would let the Meta CEO cover eyed Proposition 40 tax without losing control, in exchange for an eight-year residency pledge
New research exposes a wide gap in how affluent parents and their adult children understand and prepare for the transfer of family wealth.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
