Merrill duo managing $241 million goes indie with Raymond James

Merrill duo managing $241 million goes indie with Raymond James
Jimmy Blackburn, Reed Potter Jr. form Legacy Financial Investment Services in Pikeville, Ky.
NOV 05, 2019
Jimmy Blackburn and Reed Potter, Jr., who managed $241 million at Merrill Lynch in Pikeville, Ky., have formed their own firm, Legacy Financial Investment Services, and affiliated with Raymond James. [Recommended video: Mary Beth Franklin: Good news on Medicare surcharges] Mr. Blackburn has been in the financial services industry for over 26 years, and worked at Morgan Stanley before joining Merrill Lynch. [More:See more adviser moves in InvestmentNews' Advisers on the Move database.] Mr. Potter has 22 years of experience and also worked at Morgan Stanley before joining Merrill Lynch. Our final Women Adviser Summit of 2019 will be held in New York City.Register now.

Latest News

Just as wealth industry M&A was picking up, economic uncertainty could kill it again
Just as wealth industry M&A was picking up, economic uncertainty could kill it again

Deal volume increased post-election but now caution has taken over.

Want to get the most out of alts? You’ll have to do your homework
Want to get the most out of alts? You’ll have to do your homework

Advisors who expect an edge from alternatives' illiquidity premium – without understanding the underlying terms and explaining them to clients – have a world of learning to do.

'Finfluencer' Ponzi scheme defrauds investors of over $20M
'Finfluencer' Ponzi scheme defrauds investors of over $20M

The social influencer Tyler Bossetti pleaded guilty to wire fraud and aiding in the filing of false tax documents as a result of the real estate scheme, which ran from 2019 to 2023 and used platforms including Facebook and YouTube.

US annuity sales see sixth straight $100B+ quarter
US annuity sales see sixth straight $100B+ quarter

The latest LIMRA data release shows continued growth in RILAs, variable annuities, and FRD products, though researchers argue more education is still needed.

RIA moves: Thiel's Indivisible welcomes Ride Wealth Partners, $4B Beacon snaps up Astor
RIA moves: Thiel's Indivisible welcomes Ride Wealth Partners, $4B Beacon snaps up Astor

Indivisible Partners builds on its strategy to take turf in the independent space with its latest move in Colorado.

SPONSORED RILAs bring stability, growth during volatile markets

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.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave