Signator, John Hancock's IBD, taps new CEO

Signator, John Hancock's IBD, taps new CEO
NOV 02, 2016
Culminating a busy year, Signator Investors Inc., John Hancock's independent broker-dealer, said on Thursday it was appointing a new CEO to replace its longtime chief, Brian Heapps, who is retiring. Signator has tapped industry and firm veteran Christopher Maryanopolis, currently the firm's president, to replace Mr. Heapps. The change takes effect at the start of next year, the company said in a press release. It has been an active 12 months for Signator, which had 1,440 affiliated producing reps at the end of 2015, according to InvestmentNews data. Signator spent the past year increasing that tally. Last November, John Hancock said it was acquiring up to 1,100 advisers from Transamerica Financial Advisors Inc., or about one-quarter of those affiliated with Transamerica at the time. After excluding close to 200 of those advisers, Signator in May closed on the deal and acquired 883 registered reps and advisers from Transamerica. Those advisers had $25 billion in client assets and Signator now has close to $50 billion in assets under management and close to 2,200 advisers under its roof. For the past 10 years, Mr. Heapps was instrumental in changing Signator from a company in which its advisers sold proprietary products to a firm with an open architecture model, according to the company. Mr. Maryanopolis was originally brought in to Signator in 2007 to oversee the operations, service and trading areas of the firm, the company said in its press release. He quickly moved on to become head of the broker-dealer and corporate registered investment adviser. “Although Signator has changed dramatically in the past 10 years, I believe the next 10 could be equally as transformative,” said Mr. Heapps in the company statement. Mr. Maryanopolis “has a great understanding of all the facets of our business as well as what is needed to succeed in today's ever-changing regulatory, advisor and customer environments.”

Latest News

Advisor says retirement plan defaults still target an average
Advisor says retirement plan defaults still target an average

ERISA Investment Fiduciary Philip Chao says most retirement plans use target date funds as a one-size-fits-all default that ignores individual circumstances

Ex-broker in Florida gets more than six years for stealing $2 million from senior
Ex-broker in Florida gets more than six years for stealing $2 million from senior

Eric J. Stone was fired by Fidelity in 2021 after facing claims he took loans from clients.

Vistria takes majority stake in Curi Capital in fresh RIA deal
Vistria takes majority stake in Curi Capital in fresh RIA deal

Chicago-based Curi Capital gets new majority owner as $14 billion RIA eyes acquisitions and expanded family office services

WealthReach, VastAdvisor tie-up takes aim at advisors' cold outreach problem
WealthReach, VastAdvisor tie-up takes aim at advisors' cold outreach problem

Partnership pairs organic lead detection with paid ad targeting to help end "spray-and-pray" marketing for growth-seeking advisory firms.

LPL taps Wells Fargo vet as new chief technology and information officer
LPL taps Wells Fargo vet as new chief technology and information officer

Jonathan Lewis joins the wealth management giant as it proceeds with a $2 billion AI and technology push for advisors.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

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