Eileen Cure, who left the giant broker-dealer LPL Financial in August in the wake of allegations of racism on social media, is back in the financial advice industry and is now registered with a small registered investment adviser.
The RIA, Wealth Management of Kentucky Inc., has $14.6 million in client assets, according to its most recent Form ADV, and two offices, one in Kentucky and the other in Texas, where Cure is based.
After 20 years, Cure is no longer a registered broker with the Financial Industry Regulatory Authority Inc., according to her BrokerCheck report. She has been registered at Wealth Management of Kentucky since Oct. 5, according to the Securities and Exchange Commission.
In the past, she was registered as both a broker with Finra and a registered investment adviser with the SEC.
Cure did not return a call Thursday afternoon to comment. Bruce Hanks, president and CEO of Wealth Management of Kentucky, also did not return a call to comment.
In August, LPL Financial said that it had cut ties with Cure, who had been registered with the firm for more than two years, after she had been blasted on social media by allegations of racism; viral TikTok videos surfaced of her allegedly telling employees she will not interview Black job applicants.
At the time, Cure called the TikTok videos “false and defamatory.”
Cure is president of Cure and Associates in Nederland, Texas, a city about 90 miles east of Houston, with a population more than 80% white, according to data available online.
In early August, Cure was the subject of the viral video after one of her staff members allegedly forwarded screenshots of Skype messages to Denise Bradley, who goes by the TikTok handle auntkaren0 and has more than 1 million followers.
Bradley built her following by posting daily examples of alleged racism on the popular video platform.
Mayer Brown, GWG's law firm, agreed to pay $30 million to resolve conflict of interest claims.
Orion adds new model portfolios and SMAs under expanded JPMorgan tie-up, while eMoney boosts its planning software capabilities.
National survey of workers exposes widespread retirement planning challenges for Gen Z, Millennials, Gen X, and Boomers.
While the choice for advisors to "die at their desks" might been wise once upon a time, higher acquisition multiples and innovations in deal structures have created more immediate M&A opportunities.
A father-son pair has joined the firm's independent arm in Utah, while a quartet of planning advisors strengthen its employee channel in Louisiana.
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave