Thomas Barr, who managed $220 million at Wells Fargo Advisors in New York, has formed Barr Wealth Management and affiliated with Steward Partners Global Advisory, a Washington-based hybrid in which affiliated advisers have an ownership stake.
Barr, who spent 14 years with Wells Fargo, started his career almost 40 years ago as a portfolio manager at Bankers Trust Co. He subsequently worked at Citibank Private Bank and Munn Bernhard & Associates Inc., before joining Wells Fargo in 2008.
Barr will operate from Steward Partners’ New York City office. Joining him in the move is firm partner and administrative manager Arline Strelzik.
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
