A mother and son who manage $175 million in assets in Oak Brook, Illinois, have switched their broker-dealer affiliation and custodial platform to LPL Financial from American Portfolios Financial Services.
Theresa M. Hannon and Kevin Hannon operate as the Hannon Financial Group. They will use the services of Professional Wealth Advisors, a large office of supervisory jurisdiction for LPL.
Theresa Hannon has 36 years of experience, according to her BrokerCheck report, and had been affiliated with American Portfolios since 2010. Kevin Hannon has five years of experience, all with American Portfolios.
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