Baird Private Wealth Management has expanded its capabilities in Dallas with the addition of a $160 million team that joins from Carter.
The Berg Group comprises two advisors, Joel Berg, who joins as a director and financial advisor, and Robert (Bob) Berg, who joins as a vice president and consultant. They are joined by client assistant Lisa Maier.
Joel Berg has 15 years’ experience in the industry, while Bob Berg has been in the industry for more than three decades. Both hold CFP designations.
Other recent additions to the Baird stable include a $500 million team who switched from Zions to join the firm in Salt Lake City.
In the summer, the firm promoted managing director Ellen Galezewski to the newly created role of director of wealth strategy and solutions to support the growth of Baird’s Private Wealth Management business.
The wealth solutions group includes more than 130 specialists who help Baird’s 1,300 financial advisors provide customized solutions to their clients. Galezewski also continues to oversee Baird’s wealth centers teams.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
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.
