Caliber Wealth Management, an independent firm that's based in Overland Park, Kansas and manages $350 million, has switched its affiliation from Ameriprise Financial Services to Raymond James.
The firm consists of seven advisers — Chief Executive Mark Albright, Michael Ward, Andrew Dibble, Cole Dimond, Bob Olvera, Reisha Fregoe, and Michael Richards — as well as six team members.
Ward, Caliber's chief business development officer, said in a statement that factors driving the move included “Raymond James' sophisticated technology, flexibility in platform choice, and just the overall value of the support that Raymond James offers advisers.”
[More: IBDs face hard times in 2020]
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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