A four-adviser team managing $1.2 billion at Merrill Lynch in Summit, New Jersey, has formed SkyPath Private Wealth and affiliated with Sanctuary Wealth, an Indianapolis, Indiana-based hybrid whose affiliated advisers have $22 billion in assets under advisement.
The four SkyPath principals — Kevin Pearly, James Rohmann, Steven Filiaci and Ken Hopkins — are supported by Susan Hoyt and Jessica McGowan, all of whom had extensive tenures with Merrill Lynch.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
