Morgan Stanley financial adviser managing $275 million forms RIA

The new firm, Executive Wealth Group, will custody assets with Raymond James.
MAY 05, 2017

Sam Maxwell, III, who managed $275 million in client assets at Morgan Stanley, has left the wirehouse and created Executive Wealth Group, a registered investment advisory firm. He and Sherry Nelson, his director of client services, are based in Kirkland, Wash. The firm will custody assets with Raymond James. (More: See all the latest moves in the Advisers on the Move database) Mr. Maxwell began his financial services career in 1991 at Merrill Lynch. In 1996, he moved to Dain Rauscher, which later became RBC Dain Rauscher. He joined Morgan Stanley in 2008. Ms. Nelson, who began her career in 1980 at Smith Barney, joined Mr. Maxwell at Morgan Stanley in 2008.

Latest News

Retiree alleges advisor withheld $600K through real estate LLC web
Retiree alleges advisor withheld $600K through real estate LLC web

$1.7M invested from an inheritance. Then the phone went dead.

SEC accuses Linqto chiefs of 'Wizard of Oz' investor deception
SEC accuses Linqto chiefs of 'Wizard of Oz' investor deception

The pre-IPO platform sold $430M in units while allegedly rigging prices behind the scenes.

GLP-1 users are trading retirement savings for their prescriptions
GLP-1 users are trading retirement savings for their prescriptions

A Nationwide survey finds 47% of GLP-1 users have never discussed the drugs’ financial impact with an advisor, even as many dip into savings.

Inspired Healthcare sale price of properties is 59% of $1.2 billion sold by advisors
Inspired Healthcare sale price of properties is 59% of $1.2 billion sold by advisors

The hundreds of millions of dollars from a sale of Inspired Healthcare properties does not mean an immediate windfall for investors.

Class action alleges Webull misled investors about China operations
Class action alleges Webull misled investors about China operations

Its SEC filings said one thing - a congressional probe said another.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

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