Reegan Rae has been named co-CEO at Arnerich Massena, a registered investment advisory firm managing $7.74 billion in Portland, Oregon.
Rae, who had been a managing director and senior investment adviser, joins Bryan Shipley, who has served as co-CEO for over a year.
Firm founder Tony Arnerich, who had been co-CEO, will now focus on his family and his venture capital firm, 3x5 Partners.
Shipley also is assuming the role of sole chief investment officer, after serving as co-CIO with Arnerich for four years.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
