Terry Heinrichs and Ryan Behling, who advised on $400 million in assets at Merrill Lynch, have gone independent and affiliated with Sanctuary Wealth. The team, now known as 18Forty8 Private Wealth, is based in Madison, Wisconsin.
Heinrich and Behling had spent their entire advisory careers with Merrill Lynch, the former beginning in 1994 and the latter in 2005.
They are joined in the move by their two associates, Regina McGinn and Rebecca Reller.
AI-driven job fears are weighing on retirement confidence, especially among Gen Z and Millennials, Thrivent survey finds
It’s the second time in as many years regulators have penalized Centaurus Financial for lack of compliance with Reg BI.
AI Teammate is embedded within Wells Fargo’s Advisor Gateway desktop platform.
Elsewhere, Ameriprise added a $470 million Wells team in New York, while an ex-Morgan Stanley advisor bolsters UBS' Austin, Texas office.
Financial advisors play an essential role in helping small business owners navigate their transition out of the company — and into retirement.
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
