A team of three advisers — Steven Bailin, Jodie Cohen and Jeffrey Prince — managing $700 million at Morgan Stanley in Los Angeles have formed PBC Private Wealth and gone independent, affiliating with LPL Financial.
The new firm is using the services of LPL’s strategic wealth services team, which supports the needs of breakaway advisers.
Bailin, who started his career in 1987 at Bateman Eichler, had been with Morgan Stanley and predecessor firms for 30 years. Cohen worked at those two firms over the same time period. Prince, also an industry veteran, was with Morgan Stanley for 23 years.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
