Raymond James said Monday that a four-adviser team in Virginia that had managed $340 million in assets at Merrill Lynch has joined Raymond James Financial Services, the firm’s channel for independent advisers.
Jon Schubert, Brent Bigney, Mike Morrison and Adam Stalcup operate as Resolute Private Wealth in Forest, Virginia. They were joined in the move by staffers Stacey Hytree and Amy Tesi.
Schubert, the firm’s president and managing partner, has 19 years of experience, according to his BrokerCheck report. He had been affiliated with Merrill Lynch since 2017 and earlier worked at Edward Jones.
Bigney has 15 years of experience and had been affiliated with Merrill Lynch since 2011, after working at Edward Jones. Morrison, who serves as chief marketing officer, and Stalcup, who serves as chief operations officer, both joined Merrill in 2018.
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.
