Arkadios Capital, an Atlanta-based hybrid broker-dealer, has promoted Chet Payne, the firm’s chief operating officer, to president.
David Millican, the firm’s founder, remains its chief executive.
As president, Payne will oversee the growth of the firm as well as all day-to-day operations, Arkadios said in a release.
Payne began his career as a regulator with the state of Florida and the National Association of Securities Dealers. In 2005 he joined Triad Advisors, where he held several senior roles, including serving as the firm’s chief operating officer.
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Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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