Brian Lynn, John Fessler and Jim Pacheco, who managed $305 million at Wells Fargo Advisors, have formed Claritas Financial Partners in Marlton, N.J., and affiliated with LPL.
The new firm will use the corporate registered investment adviser platform of LPL through the firm's strategic wealth services unit, which specializes in supporting breakaway employee brokers.
Lynn began his financial career in 1994 at Merrill Lynch. He joined Legg Mason in 1995 and Wells Fargo in 2002.
Fessler joined Wells Fargo in 2014. Jim Pacheco began his career in 1991 at Lutheran Brotherhood Securities, and moved to AXA Advisors in 2001. He joined Wells Fargo in 2008.
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The undoing of the penalty, which has hung over the Wall Street bank for seven years, marks a significant victory for CEO Charlie Scharf.
The big three custodian is unveiling new reporting features, UMA functionalities, and a new advisor growth network, along with other updates at its flagship conference.
Michael Bradley faces allegations of “improper recommendation to clients” who bought GPB securities.
The RIA behemoth overseeing more than half a trillion dollars in client assets is adding to that book with a $1.4 billion firm focused on pro athletes in New York.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
