A seven-member team managing $525 million in assets at Merrill Lynch in Coeur d’Alene, Idaho, has moved to the employee unit of Raymond James.
Making the move are advisers Joseph R. Anderson, Matthew A. Lyman, Jeffrey L. Smith, Heather Bolster and Tyler Christian Anderl. Joining them are associates Heather Bloom and Christopher Dallenbach.
Anderson began his financial services career at Merrill Lynch in 1988. Lyman spent 15 years at Smith Barney/Morgan Stanley before joining Merrill Lynch nine years ago. Smith had been with Merrill Lynch for five years, after spending 17 years at Edward Jones.
Bolster spent seven years with Smith Barney as a sales assistant before working at Merrill Lynch as an advisor for the past nine years. Before his time at Merrill Lynch, Anderl was an associate at Ernst & Young in San Francisco and at Parametric Portfolio Associates in Seattle.
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.
