Advisers Jason Sherr and Merrick Nguyen, who managed $235 million at Wells Fargo Advisors, have launched StrateFi Wealth Management and affiliated with LPL Financial through its service for breakaway brokers.
The service supports and independent firm launch and then ongoing strategic, administrative, marketing and financial support.
StrateFi, which is based in Irvine, California, and Reno, Nevada, has a client base of about 160 households. Kim Burdeaux-Neal, the firm's director of client relations, joins Sherr and Nguyen in the move.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
