Three advisers managing $565 million at Merrill Lynch in Bloomington, Minnesota, have moved to RBC Wealth Management and its Wayzata, Minnesota branch, which is outside Minneapolis.
The three advisers are Mark L. Johnson, who has nearly 30 years of experience in the financial services industry; Bart McNabb, who has 14 years of experience; and Adam Johnson, who has five years of experience.
Their two associates joined them in the move.
While the choice for advisors to "die at their desks" might been wise once upon a time, higher acquisition multiples and innovations in deal structures have created more immediate M&A opportunities.
A father-son pair has joined the firm's independent arm in Utah, while a quartet of planning advisors strengthen its employee channel in Louisiana.
Mayer Brown, GWG's law firm, agreed to pay $30 million to resolve conflict of interest claims.
New report shows dimmed outlook for benefits to retirees and disabled Americans, creating further pressure for federal tax hikes or more borrowing.
Open letter to SEC Chair Paul Atkins questions whether the Ivy League university withheld material information prior to its $750 million taxable bond offering.
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
