Stifel Nicolaus said it has added three advisers from Merrill Lynch.
John Carpenter and Faisal Raza, who managed $128 million at Merrill Lynch, have joined Stifel Nicolaus in its Dallas office.
Also joining Stifel from Merrill Lynch, where he managed $115 million, is Jake Allen, who has moved to the firm’s Frontenac, Missouri, office.
See the latest Advisers on the Move here.
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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