The latest hires catering to business owners and family offices are joining its independent employee division, Raymond James Advisor Select, in Mississipi.
“It made the most sense for us to make this decision,” says Merit's president Kay Lynn Mayhue.
The veteran with nearly three decades of experience will lead the Arizona-based firm's newly established family office division.
The five-advisor group based in Santa Rosa, California operates a full-service ensemble practice with tax, retirement, estate planning, and other high-net-worth services.
The Long Island-based team joining LPL Private Wealth bring over 40 years of collective experience catering to a diverse clientele, with a focus on the Brooklyn area.
Latest splits from broker-dealers a sign that perhaps more executives and advisors from these giant branches want to enjoy the fruits of the private equity funds flooding the industry.
The broker-dealer's latest addition, an outdoors-focused planning practice, previously managed $225M in advisory, brokerage, and retirement plan assets.
“You can’t put any language in an agreement that would prevent a client from reporting a broker-dealer’s actions," says one attorney.
With nearly 25 years of experience, the employee-owned firm's latest hire in Fairfax reportedly managed over $293M in assets.
"These types of brokers and executives are the scourge of the industry," said one plaintiff's attorney.
The definitive agreement to acquire The Investment Center, based in New Jersey, will add 240 financial advisors into LPL's network.
The veteran closer and leader is expected to drive further growth as he brings a record of dealmaking success from Focus and Goldman Sachs.
Some customer complaints went unreported, and many mutual fund purchases were not reviewed, according to the self-regulatory organization.
"I have small firm roots, just look at my dad," Jodie Papike said.
The broker-dealer giant's new chief advocacy officer boasts more than 25 years of experience in government relations lobbying for financial services companies.
RBC Wealth Management’s latest hires in Pennsylvania and Virginia reportedly managed $801M in client assets combined.
The group led by a trio of advisors is joining the firm’s independent advisor channel in Colorado.
The IBD’s newest advisor addition arrives via a new offering to its national network of community financial institutions.
"The appetite by financial advisors for private equity funds is super high right now," says one industry executive.
United Planners' Financial Services of America failed to supervise its salesman, according to Arizona.
