Raymond James announced Monday that the Clauss & Ellison Group, a team of three advisers that had managed $670 million in assets at Merrill Lynch, has joined its employee advisor channel.
The group, which is based in Greenville, South Carolina, includes Benjamin Clauss, Doug Ellison and Brad LaRue. Two staff members, Cathy Logan and Amanda Wood, join them in the move.
Clauss had worked at Merrill Lynch for 23 years and Ellison had worked there for 27 years. LaRue started at Merrill in 2018.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
