Tarah Williams, the chief operating officer of Prospera Financial Services, a Dallas-based independent broker-dealer, has been promoted to president. Williams, who will continue as chief operating officer, assumes the firm’s presidency from David Stringer, who continues as managing partner and co-CEO with Tim Edwards.
In her new role, Williams will lead the firm’s day-to-day operations. She is a 26-year industry veteran and has been with Prospera since 2007 holding management positions in operations, finance, risk management, recruiting and marketing, Prospera said in a press release.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
Analysis of four-year data shows average account balances nearly doubling among steady savers, with younger workers seeing the largest percentage growth.
Survey research shows just over half of Gen Xers satisfied with advice as retirement and economic anxieties take a toll.
Two reports reveal investor behavior including earlier participation of young Americans.
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.
