Jim Wallisch and Andrew Wallisch, who manage $325 million in brokerage and advisory assets and an additional $60 million in 401(k) assets, have switched their broker-dealer and corporate registered investment adviser affiliations to LPL Financial from Raymond James.
Joining the father-and son-team in the move are Jim Wallisch’s other son, Jonathan, and two staff members.
[More: See more adviser moves in InvestmentNews’ Advisers on the Move database.]
The senior Mr. Wallisch began his securities career in 1984 at Prudential-Bache Securities. He launched his independent practice in 1990 and affiliated with Raymond James in 1996.
Andrew Wallisch joined the business seven years ago.
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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