Thayer “Terry” Potter, whose three-member team manages $180 million in Selingsgrove, Pennsylvania, has switched affiliations from Wells Fargo Advisors Financial Network to Prospera Financial Services.
Potter’s firm, which he founded in 2017, operates as Twin River Wealth Management. He has 37 years of experience; he had been affiliated with FiNet for five years and earlier was with Janney Montgomery Scott and Morgan Stanley.
Potter was accompanied in the move by staffers Jeremy Soper and Justin Soper.
"Terry's expertise as an advisor and dedication as a practice leader and Jeremy's focus on the client experience makes them precisely the kind of financial professionals that are an ideal fit with Prospera," Tarah Williams, president and chief operating officer of Prospera, said in a statement.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
Certain foreign banking agreements could force borrowers to absorb Section 899's potential impact, putting some lending relationships at risk.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
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