David Baland and Liatriz Levy, who managed about $300 million at Merrill Lynch in Albuquerque, New Mexico, have formed Old Town Advisors and affiliated with Raymond James through Concurrent Advisors, a Tampa, Florida-based office of supervisory jurisdiction.
Joining the two in the move is associate Amanda Burrows.
Baland and Levy had been with Merrill Lynch and predecessor organizations for 19 years and 16 years, respectively.
Old Town Advisors marks Concurrent’s first affiliate in New Mexico, Concurrent Advisors said in a press release Wednesday.
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.
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.
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.
