Independent wealth firm Realta Wealth is looking to energize its advisor recruitment strategy by hiring over an experienced leader from Ameriprise.
On Monday, the firm announced Paul Tyler as its new senior vice president and director of business development.
Tyler, an experienced leader in wealth management, joins the firm from Ameriprise Financial Services and will oversee Realta’s national recruiting strategy.
In his new role, Tyler will focus on recruiting financial professionals from large independent platforms, aiming to attract advisors interested in Realta’s boutique culture and personalized service model.
Realta Wealth CEO Kevin Keefe, to whom Tyler will be reporting directly, highlighted the significance of being "actively out in the marketplace telling our story."
"Paul has the experience and talent to take our recruiting efforts to the next level," Keefe said in a statement, emphasizing Tyler's "track record of recruiting success and in-depth and current knowledge of the needs and wants of the type of elite advisors we are looking to attract."
It's been a year of change at Realta, which began 2024 by rebranding from CoastalOne, the name it had been going with since the start of its 35-year story in 1989. In March, it announced Tim Bowman, a seasoned leader from Cetera, as its new CFO. A few months later in May, it found its new chief operating officer in John Barragan, an industry veteran with hard-earned experience from Kestra, Goldman Sachs, and Cetera.
With an estimated 160 advisors nationwide managing over $3 billion in client assets, Realta said Tyler will lead its business development team and play a key role throughout the recruitment cycle, from building a pipeline of potential candidates to facilitating agreements with new advisors.
Before joining Realta, Tyler spent more than a decade at Ameriprise Financial Services, where he held multiple roles, most recently as regional director of experienced advisor recruiting. He began his career at Ameriprise in 2007 as a financial advisor.
Ameriprise made waves this past July with a shot across the bow against LPL Financial, accusing its rival firm of underhanded and potentially illegal recruiting practices including taking confidential client and company information with the help of defecting advisors.
"With large independent broker-dealers giving up their cultures for the sake of building scale, many advisors want to make a change," Tyler said. "Realta is a firm on the move, and I am thrilled to be here at this inflection point for our industry,"
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