David Baland and Liatriz Levy, who managed about $300 million at Merrill Lynch in Albuquerque, New Mexico, have formed Old Town Advisors and affiliated with Raymond James through Concurrent Advisors, a Tampa, Florida-based office of supervisory jurisdiction.
Joining the two in the move is associate Amanda Burrows.
Baland and Levy had been with Merrill Lynch and predecessor organizations for 19 years and 16 years, respectively.
Old Town Advisors marks Concurrent’s first affiliate in New Mexico, Concurrent Advisors said in a press release Wednesday.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
