The team of James Wendling, Steven VanDerSchaaf and Clint Allaman, who managed $315 million at Morgan Stanley in Davenport, Iowa, have moved to the employee unit of Raymond James.
Wendling spent more than 30 years with Morgan Stanley and predecessor firms. VanDerSchaaf began his career in 1993 working for several firms companies in Chicago before joining a Morgan Stanley predecessor in 2001. Allaman was affiliated with Morgan Stanley since 2012.
Sitting between equity and insurance-like solutions, defined-outcome ETF strategies have matured as an alternative to staying in cash during choppy markets.
Orion CEO Natalie Wolfsen says artificial intelligence could double the number of Americans receiving financial advice as RIAs deploy AI to boost advisor productivity
Meanwhile, Raymond James snags Edward Jones advisor in Arizona.
New Morgan Stanley research shows retirement planning is a key area where advice is required.
ASA reacts as regulator drops no-deny policy, freeing firms and individuals to publicly dispute allegations after reaching settlements.
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
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
