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.
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
