Steven Carlsen and Sathya Chey, who managed $580 million at Wells Fargo Advisors, have formed a firm, Arise Private Wealth, and affiliated with LPL Financial Services.
The advisers, who were joined in the move by three administrative associates, are using LPL’s service for breakaway brokers. The new firm is located in Rolling Hills, California.
Carlsen has more than 30 years of experience and had been affiliated with Wells Fargo since 2007. Chey has 13 years of experience and joined Wells in 2018.
InvestmentNews reported in 2017 that the IRS was scrutinizing the tax shelter land deals, called syndication conservation easements.
Advisors gain a second workflow for 401(k) guidance as the fintech expands beyond bulk rebalancing, backed by new policy research on advice access.
New data shows most people do not have enough saved to cover costs and are not fully utilizing their accounts.
Firms announce new recruits this week, with teams overseeing hundreds of millions in client assets switching affiliations.
It’s the 12th deal for Stratos since SEI's investment and follows 11 acquisitions worth $4.8B in 2025.
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
