Daniel Kaschmitter and William Gelegotis, who managed $800 million at Wells Fargo Advisors in Salt Lake City, have joined the employee unit of Raymond James.
Mr. Kaschmitter, who began his career at PaineWebber, was with Wells Fargo and its predecessor firms for 18 years.
Mr. Gelegotis, who has more than 40 years of financial services experience, spent the last 18 years with Wells Fargo and its predecessors.
[More: Wells Fargo Advisors signs up more than 1,000 advisers for new succession plan]
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
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
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
