Kenneth J. Gimbel, who managed more than $400 million at CIBC Private Wealth Management in Chicago, has joined Stratos Wealth Advisors, a unit of Beachwood, Ohio-based Stratos Wealth Holdings.
Gimbel, who has more than 50 years of wealth management experience, was previously a partner at Geneva Investment Management before it became part of CIBC in 2017, Stratos said in a press release Wednesday.
Gimbel specializes in developing specifically tailored asset management programs for large and complex trusts and investment relationships.
He also spent 15 years in Harris Bank’s Wealth Group and was director of pension fund investments for automotive supplier BorgWarner Inc.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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