Gary T. Guglielmo, a Morgan Stanley rep for 20 years, was fired by the firm Monday after being charged with aggravated stalking and obstructing justice/witness tampering, both felonies.
The Boca Raton, Florida, resident also was charged with contempt of court for violating an injunction that provided protection to his ex-girlfriend, who had accused him of domestic violence, a misdemeanor. He had been arrested last week on suspicion of stalking his ex-girlfriend.
Guglielmo, who began his securities career in 1997, was released on $15,000 bail and is scheduled to return to court on Sept. 29, according to court records.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
