Signator, John Hancock's IBD, taps new CEO

Signator, John Hancock's IBD, taps new CEO
NOV 02, 2016
Culminating a busy year, Signator Investors Inc., John Hancock's independent broker-dealer, said on Thursday it was appointing a new CEO to replace its longtime chief, Brian Heapps, who is retiring. Signator has tapped industry and firm veteran Christopher Maryanopolis, currently the firm's president, to replace Mr. Heapps. The change takes effect at the start of next year, the company said in a press release. It has been an active 12 months for Signator, which had 1,440 affiliated producing reps at the end of 2015, according to InvestmentNews data. Signator spent the past year increasing that tally. Last November, John Hancock said it was acquiring up to 1,100 advisers from Transamerica Financial Advisors Inc., or about one-quarter of those affiliated with Transamerica at the time. After excluding close to 200 of those advisers, Signator in May closed on the deal and acquired 883 registered reps and advisers from Transamerica. Those advisers had $25 billion in client assets and Signator now has close to $50 billion in assets under management and close to 2,200 advisers under its roof. For the past 10 years, Mr. Heapps was instrumental in changing Signator from a company in which its advisers sold proprietary products to a firm with an open architecture model, according to the company. Mr. Maryanopolis was originally brought in to Signator in 2007 to oversee the operations, service and trading areas of the firm, the company said in its press release. He quickly moved on to become head of the broker-dealer and corporate registered investment adviser. “Although Signator has changed dramatically in the past 10 years, I believe the next 10 could be equally as transformative,” said Mr. Heapps in the company statement. Mr. Maryanopolis “has a great understanding of all the facets of our business as well as what is needed to succeed in today's ever-changing regulatory, advisor and customer environments.”

Latest News

Newsom wants nationwide billionaires tax as presidential bid may loom on the horizon
Newsom wants nationwide billionaires tax as presidential bid may loom on the horizon

“It’s time for an economic reset,” wrote the California governor, in a post on X.

Maryland regulators spank fledgling art-focused RIA Masterworks over registration snafus
Maryland regulators spank fledgling art-focused RIA Masterworks over registration snafus

Masterworks was launched in 2017 but its RIA, Masterworks Advisers, is just three years old.

Investors allege Miami operator took over $1.5 million in EB-5 scheme
Investors allege Miami operator took over $1.5 million in EB-5 scheme

One 2017 form, no broker license, and a $42 million gap they say surfaced on a webinar.

Gen X, millennials lag in retirement confidence amid knowledge gap
Gen X, millennials lag in retirement confidence amid knowledge gap

Fewer than half of Americans in their peak earning years feel on track for retirement, while many say limited financial knowledge and access to professional guidance are holding them back.

Advisor moves: Veteran-led UBS team overseeing $460 million migrates to Merrill
Advisor moves: Veteran-led UBS team overseeing $460 million migrates to Merrill

Meanwhile, Wells Fargo hauled advisors overseeing $825 million in the West Coast, while Wedbush has welcomed a seasoned professional from Stifel in California.

SPONSORED Who builds the income when the pension disappears?

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

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.