Stratos Wealth Holdings has bolstered its senior leadership team with a new chief operating officer.
The family of companies which includes Stratos Wealth Partners, Stratos Wealth Advisors, and Fundamentum, has appointed Phil Nuttall to the COO role, effective immediately. He succeeds Lou Camacho, who will focus on the strategic expansion of Stratos Wealth Enterprises.
Nuttall has a decade of wealth management industry experience and was most recently at LPL Financial as senior vice president, Enterprise Alliances. Previously he headed up the advice and financial planning team at Capital One and has also held leadership roles at HSBC and Citi.
"The opportunity to join a growing firm with a talented executive team during a time of industry challenges provided me with perfect next step in my career,” Nuttall said. “I greatly enjoyed my time with LPL and am excited to continue Stratos' strong partnership with them in my new role."
Stratos is entering a new phase of growth and founder and CEO Jeff Concepcion said the firm is fortunate to have such a strong leadership team.
“Our entire executive team's steadfast leadership and vision have allowed us to expand into new market segments,” he said. “With Phil, we are positioned to build upon our success and take full advantage of our position in the market."
“It’s time for an economic reset,” wrote the California governor, in a post on X.
Masterworks was launched in 2017 but its RIA, Masterworks Advisers, is just three years old.
One 2017 form, no broker license, and a $42 million gap they say surfaced on a webinar.
Fewer than half of Americans in their peak earning years feel on track for retirement, while many say limited financial knowledge and access to professional guidance are holding them back.
Meanwhile, Wells Fargo hauled advisors overseeing $825 million in the West Coast, while Wedbush has welcomed a seasoned professional from Stifel in California.
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
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.