Michael Brown, who heads a three-adviser team that managed $300 million at UBS in Clayton, Missouri, has gone independent and affiliated with Raymond James.
The team, which includes two staff members, operates as Mike Brown Financial Group of Raymond James.
Since 1994, Brown has hosted a financial radio talk show in St. Louis. He started his career by hosting a nightly personal finance segment on a local TV newscast in 1986. He became a registered representative in 1990 and moved to UBS in 2000.
The Omaha, Nebraska-based RIA's latest acquisition expands its Rocky Mountain footprint after two prior Colorado deals last year.
Operational drag between an advisor signing and accounts going live is emerging as a competitive liability for wealth management firms.
Bain says companies face a "winner's paradox" as AI transformation collides with complex integrations.
Deal lifts global assets to roughly $523 billion under management.
Choice anxiety, prestige bias, and the temptation to make selections based on outsourced confidence are just some of the parallels between investing and the world of wine tasting.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
