Howard Kaplan, who managed $200 million at Stifel, has affiliated with Raymond James Financial Services through Riegel Financial, an independent firm founded 50 years ago that has offices in Cincinnati and Dayton, Ohio.
Kaplan is a 30-year veteran of the business. He had been affiliated with Stifel since 2005 and started his career in 1988 at Merit Financial Corp., according to his BrokerCheck report.
He joins Riegel’s three other advisers and four support staff.
“By aligning services with Riegel Financial, and thereby, Raymond James, I will be able to expand the amenities, capabilities and support I offer to clients to help ensure they and their families are even more comfortable along the journey of achieving their financial ambitions,” Kaplan said in a statement.
Meanwhile, Ameriprise has lured a 28-year veteran advisor away from Merrill in Pennsylvania, and taken over a bank-based investment program from Osaic in Michigan.
The executive order directed at the Department of Labor and the Securities and Exchange Commission also gives an opening to cryptocurrencies and other alternative investments.
New report reveals 95% of affluent investors need to create or update estate plans.
Partnership aims to boost advisor efficiency across its Wealth Lending Network.
The bank's new training initiative aims to add hundreds of advisors as it expands its mass-affluent advice unit, according to Barron's.
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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.
