Dusty Sternadel, an adviser in Wichita Falls, Texas, has been terminated by Ameriprise Financial Services for “violation of company policies related to misappropriation of client funds,” according to her BrokerCheck record.
“Ms. Sternadel took steps to conceal her illegal activity by circumventing our controls and acting away from the firm,” Kathleen McClung, vice president of public relations for Ameriprise Financial, told a local television station in response to an inquiry.
No further information about the misappropriation of funds was available.
Sternadel had been affiliated with Ameriprise for four years. Earlier, she had been with Morgan Stanley and Edward Jones, each for four years.
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.
