Previously worked for Morgan Stanley, all for more than 20 years.
Gary Foose Jr. will join the firm's Houston office.
Previously managed more than $300 million in assets.
Finra arbitration panel finds adviser liable for remaining balance on promissory note, but orders wirehouse to pay for closing his branch.
Brokers who make large drawdowns from their investment accounts may be showing their hand before breaking away.
Independent advisers continue to be happier at work than their colleagues who are employees of broker-dealers but the gap in job satisfaction among the two groups is narrowing. <i><a href="//www.investmentnews.com/gallery/20140630/FREE/630009999/PH"" target=""_blank"" rel="noopener noreferrer">See how your firm ranks</a></i>
Even as firms trim non-compensation expenses, profit margins stay below stated goals.
The hybrid firm has brought on over $1 billion in assets from the wirehouse in the past month.
Lower broker-dealer bond inventories and growing use of high-yield funds could test markets, increase price swings.
Lebenthal Holdings stands to triple the size of its new wealth management unit with the acquisition of the business of two Morgan Stanley brokers. But that's just the beginning, if CEO Frank Campanale has his way.
American Express and J.P. Morgan Asset Management vet McConnell tapped to lead new position at WFA Digital.
Wirehouse raked in $544 million, up 25% from the year-earlier quarter.
Losing revenue from 12(b)-1 fees, the firm is asking its advisers to raise minimum fees to help make up for lost revenue.
Morgan Stanley team with $650 million in assets breaks away to set up shop with help from a new firm, Tru Independence
Public pressure on Finra's expungement process has arbitrators thinking twice about erasing disclosure events, attorneys on both sides agree.
It's important for advisers to not show surprise or resentment when fee questions are raised by clients.
HighTower debuts fee-for-service platform for independent wealth managers after signing its first client, an advisory firm with $19.9 billion under advisement.
Thirty-one of 37 brokers at IAA Financial, partly owned by Finra board small firm rep Kevin Carreno, came from firms Finra had expelled.
Wirehouse slapped with fine after Finra alleged it paid retired brokers $100M in commissions without making sure they had stopped providing advice.
New unit will influence product selections for 15,000 advisers managing $1.6 trillion in assets.
