Wealth Advisory Services, a Doylestown, Pennsylvania, hybrid practice overseeing $700 million in assets, has reaffiliated with LPL Financial after a five-year stint at Raymond James.
The practice, led by partners Paul Krumenacker and David Jenkins, was founded in 2003. It includes independent financial advisers Michael Sheehy and Scott Stencler, as well as two support members.
The team affiliated through Gladstone Wealth Partners, a large LPL office of supervisory jurisdiction.
Most firms place a limit on advisors’ sales of alternative investments to clients in the neighborhood of 10% a customer’s net worth.
Those jumping ship include women advisors and breakaways.
Firms in New York and Arizona are the latest additions to the mega-RIA.
The agent, Todd Bernstein, 67, has been charged with four counts of insurance fraud linked to allegedly switching clients from one set of annuities to another.
“While harm certainly occurred, it was not the cataclysmic harm that can justify a nearly half billion-dollar award to the State,” Justice Peter Moulton wrote, while Trump will face limits in his ability to do business in New York.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
