John Peluso, who spent 35 years at Wells Fargo and its predecessor firms before retiring in September, has joined an Indiana-based hybrid advisory firm, Thurston Springer Financial, as executive vice president and partner.
Peluso had headed Wells Fargo’s clearing operations, First Clearing, since 2012, and earlier presided over its independent broker-dealer, Wells Fargo Financial Advisors Network, known as FiNet.
“After helping hundreds of financial advisors over the past 25 years become independent business owners, it’s been a long-standing dream to sit on the other side of the table,” Peluso said in a statement. “The opportunity to join Thurston Springer came at a perfect time.”
According to the statement, Peluso will focus on promoting the firm’s brand and growth through recruiting, RIA mergers and acquisitions, and minority investments.
“We’re extremely fortunate to have an industry veteran and thought leader like John Peluso join our firm,” Rick Parker, CEO of Thurston Springer, said in the statement. “We believe with John’s knowledge and reputation, along with our national footprint and nimble wealth management platform, we’re making Thurston Springer a destination for sophisticated advisors and their clients.”
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
