The Financial Planning Association has appointed Patrick D. Mahoney, who has served as its interim CEO for the past seven months, its new chief executive officer. The change takes effect Jan. 1, 2021.
Mahoney was formerly an operations executive with S&P Global, the chief marketing officer of IEEE, and former president and CEO of IEEE GlobalSpec.
He also holds four patents in the U.S., Canada and Great Britain.
The permanent appointment was made after a formal search and interview process, according to 2020 FPA President Martin C. Seay.
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.
