A group in Tennessee that managed $832 million has affiliated with Raymond James Financial Institutions Division through Pinnacle Asset Management, the wealth management arm of Pinnacle Financial Partners, which is affiliated with Raymond James through the financial institutions division.
The nine-member team, which is based in Memphis, Tennessee, and will do business as Fountain Financial Group, was previously affiliated with First Horizon Advisors.
Fountain Financial includes advisors Eric Fountain, Ben Nicol, Todd Ruston, Zach Wiggs and Wendy Fuller VanCleve. Paige Williams, a CPA, and three staffers are also making the move to Raymond James.
[Topic: Wealth management earnings]
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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