Peter Carmack, who managed $510 million at Wells Fargo Advisors in Overland Park, Kansas, has gone independent and affiliated with LPL Financial.
His new practice, Carmack Capital Management, is based in Lees Summit, Missouri, LPL Financial said in a press release Tuesday.
Carmack was with Wells Fargo for 12 years after spending nine years with Morgan Stanley and a predecessor firm. He began his securities career in 1993 at H&R Block Advisors.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
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.
