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.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
