Focus Financial Adds $1B RIA in Chicago
Also, Raymond James adds a $390 million independent-employee group in Beaufort, S.C., from Wells Fargo.
SEC: Ex-Broker Sold Clients Fake CDs With 12% Interest
Former advisor Malcolm Segal is accused of a $15.5 million Ponzi scheme involving bank CDs — some real and some nonexistent.
Merrill Adds $750M Ex-Barclays Group in Houston
The group was part of Lehman Brothers until 2008.
Dynasty Adds $3B Ex-Deutsche Team
The San Francisco-based group comes on board as an RIA serving entrepreneurs in Silicon Valley.
Lincoln Financial Securities Chief Departs
Chris Flint is being temporarily replaced as head of Lincoln Financial Securities by Tom Eusebio and Stafford Moser.
SEC to Scrutinize Retirement Advice
The SEC has launched a multiyear targeted review of investment advisors’ and BDs’ retirement planning sales practices.
LPL Names New Head of Client Services
The news follows several other executive shifts at the independent broker-dealer.
Baird Nabs $1B Ex-Wells Fargo Group
SIx advisors come on board in Wichita, Kansas, with nearly $5.5 million in yearly fees and commissions.
Advisor Fights Cancer, Punches Through Million-Dollar Level in Same Year
Todd Bury’s brush with mortality actually spurred his efforts to accelerate his business growth while putting his life in perspective.
Schwab, TD Ameritrade Post Strong Asset Growth, Beat Indexes
Schwab reports total assets of $2.57 trillion — $1.27 trillion of which is advised assets; TD has total assets of $710 billion.