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.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
