Abbie Osterbur and Niralee Patel, who managed $160 million at Merrill Lynch, have moved to Raymond James & Associates, the employee adviser channel of Raymond James, the firm announced Tuesday.
They are joined in the move by a staffer and will do business as Osterbur Patel Wealth Management in Champaign, Illinois.
“We were attracted to Raymond James because of the firm’s client-first mentality and planning-centric approach to wealth management,” Osterbur said in a statement. “The promise of autonomy to run our practice as we see fit was also a big draw.”
Osterbur began her career at Merrill Lynch in 2012. Patel joined Merrill Lynch in 2013 and had been an adviser there since 2014.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
