Lisa Tesar, who managed $260 million at Morgan Stanley in Cedar Rapids, Iowa, has joined the Linsco unit of LPL Financial, the firm’s employee adviser unit.
Tesar is a second-generation adviser who followed her father’s footsteps into their family business, which dates to 1936. She plans to eventually bring on her son to continue the legacy practice.
At Tesar Group Investment & Financial Planning by LPL Financial, Tesar works primarily with older high-net-worth clients, with a focus on individual portfolio management for retirement income strength.
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.
