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.
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.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
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.
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