LPL Financial said Thom Maher, who oversaw roughly $440 million in assets at Merrill Lynch, has affiliated with LPL Strategic Wealth Services and is launching a firm, Maher Wealth Management, in Phoenix.
“We believe LPL provides an enormous catalog of services, as well as a long history of financial stability, and we’re very excited about the future of our business,” Maher said in a statement.
According to his BrokerCheck report, Maher had been affiliated with Merrill since 1997.
Joining Maher in the move are client services manager DeAnn Welch and client services specialist Mary Mann.
[More: LPL recruiting down in 2022]
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
A new PitchBook analysis unpacks sticking points relating to liquidity, costs, and litigation risk for would-be investors and plan sponsors.
"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.
The collaboration will give RIAs yet another access point into the alternatives space through a new unified managed account capability.
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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.
