Thomas Salvino, whose Salvino Wealth Management team managed $2.2 billion at William Blair in Chicago, has gone independent and launched Performance Wealth, a registered investment adviser based in Hinsdale, Illinois.
The nine-person team includes Tom’s father Al, who began his securities career in 1963, Tom’s brother John, and Tom’s daughter, Grace.
Also joining the firm as president and chief compliance officer is Charles Lesser, formerly of Balasa Dinverno Foltz.
Performance Wealth also has offices in Naples, Florida, and San Diego.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
