Marc DeCicco and Tad M. Wilson, who managed $225 million at Wells Fargo Advisors, have formed North Bend Wealth Management, a hybrid based in Vienna, West Virginia.
The firm will use the broker-dealer and registered investment adviser platforms of LPL, as well as its custodial services, through LPL’s unit aimed at attracting breakaway wirehouse brokers.
DeCicco joined Wells Fargo Advisors in 1997; while, Wilson joined in 1994, according to BrokerCheck records.
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.
