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.
Mayer Brown, GWG's law firm, agreed to pay $30 million to resolve conflict of interest claims.
Orion adds new model portfolios and SMAs under expanded JPMorgan tie-up, while eMoney boosts its planning software capabilities.
National survey of workers exposes widespread retirement planning challenges for Gen Z, Millennials, Gen X, and Boomers.
While the choice for advisors to "die at their desks" might been wise once upon a time, higher acquisition multiples and innovations in deal structures have created more immediate M&A opportunities.
A father-son pair has joined the firm's independent arm in Utah, while a quartet of planning advisors strengthen its employee channel in Louisiana.
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
