Two advisory teams in Idaho, collectively managing $648 million, have joined the employee channel of Raymond James.
Christine Satterfield and Harry Tharp managed $341 million at Wells Fargo in Boise, Idaho. Satterfield began her career 24 years ago with Merrill Lynch and moved to Wells Fargo in 2008. Tharp also began his career at Merrill Lynch, moved to Morgan Stanley in 2005 and to Wells Fargo in 2011.
The mother and son duo of Linda Sterling and Greg Fairfield managed previously $307 million at UBS Financial in Ketchum, Idaho. Sterling, who began her career at Merrill Lynch in 1987, worked at RBC Capital before moving to UBS. Fairfield joined UBS in 2008.
Retail banks and private wealth firms scored 40 in Fitch's AI stress test, signaling possible one-notch downgrade risk under an adverse scenario.
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.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
