Ameriprise Financial Inc. said it recruited a team in Phoenix, Arizona, that had managed more than $450 million in assets at UBS.
Christine Gustafson, founder of Phoenix Wealth Management, had been affiliated with UBS since 2009, according to her BrokerCheck report. She has 37 years of experience, starting at PaineWebber in 1984. Gustafson specializes in working with high-net-worth clients, family offices and charitable foundations.
Making the move along with Gustafson are private wealth adviser Norman Lemus and staff members Amanda Morrell and Lisa Campbell. Lemus serves as portfolio manager for the firm’s Tobacco-Free Portfolio, which was designed for the American Heart Association.
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
