Hightower, the Chicago-based registered investment advisor with interests in 111 advisory business, has taken a stake in Stearns Financial Group, a $1.3 billion RIA in North Carolina. The Stearns deal is Hightower's sixth transaction so far this year.
Stearns was established in 1991 and has offices in Chapel Hill and Greensboro, North Carolina. It has 32 employees, including 12 advisers.
The transaction, the details of which were not disclosed, is expected to close by the fourth quarter.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
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
