Nautica Wealth Advisors, a hybrid managing $250 million in San Diego, has returned to LPL Financial’s broker-dealer and corporate RIA platforms after being affiliated with Cetera for three years. The firm will also use LPL as its custodian.
The firm and two of its lead advisers — Mike Lerner and Steve Lerner — had been affiliated with LPL for 12 years when their office of supervisory jurisdiction moved to Cetera. At the time, the firm’s third lead adviser, Jayne Byrne, had been affiliated with LPL for 31 years.
The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.
The latest snapshot report reveals large firms overwhelmingly account for branches and registrants as trend of net exits from FINRA continues.
Siding with the primary contact in a marriage might make sense at first, but having both parties' interests at heart could open a better way forward.
With more than $13 billion in assets, American Portfolios Advisors closed last October.
Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.
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.
