Two advisers managing $266 million at Wells Fargo Advisors in Bothell, Washington, have gone independent as Legacy Wealth Partners and affiliated with Raymond James through Mainspring Wealth Advisors, one of the firm’s offices of supervisory jurisdiction.
The advisers, Jeff Anderson and Doug McClure, had been affiliated with Wells Fargo since 2010 and 2011, respectively. Anderson began his securities career at Merrill Lynch in 2000; McClure started in 1986 at First Investors.
Legacy Wealth account executives Sarah Hand and Monica Rock-Lorimor also made the move to Raymond James.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
