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.
Retiring RIA seller David Laidlaw alleges the Carnegie valued his stake on $11.7 million EBITA while pitching potential buyers on $21.3 million.
New tool gives RIAs and family offices AI help vetting private market deals, with some users reportedly halving review time.
Investors got projected returns dressed up as real ones, SEC says
Parents must still act to get the $1,000 federal seed and employer contributions, giving financial advisors a role in the rollout.
FINRA booted Rudy Anguiano from the industry for “conversion - the intentional and unauthorized taking of another person’s property.”
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
