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April 26, 2017 at 02:48 PM
HighTower says Resolute Investment Advisors is joining it in Colorado Springs, the seventh team to come on board its partnership this year.
The team manages roughly $500 million in client assets, and includes three advisors formerly with UBS (Todd Baker, Bradley S. Harvey and Jack T. York) and one who used to be with Bank of America-Merrill Lynch (James R. Young III).
“The HighTower platform supports entrepreneurial advisers who want to leverage our sophisticated investment solutions and the collective wisdom of our community,” said Kimberly Papedis, head of national sales for HighTower, in a statement.
Recently, HighTower acquired Houston-based WealthTrust, adding $6.4 billion in client assets, and launched HighTower Buffalo.
Meanwhile RBC Wealth Management says it has recruited an all-female financial advisor team with $375 million in client assets from UBS: the Schusterman Mazzone Group of Midtown-New York,
“RBC Wealth Management is focused on creating a diverse workforce by bringing more women financial advisors to the firm,” said John Moran, director of the Midtown complex, in a statement. “Tracey Schusterman and Rosa Mazzone are industry leaders who have had an incredible amount of success by developing strong, long-term relationships with their clients and working with them to meet their needs and objectives.”
LPL Financial says South Carolina-based firm Lighthouse Wealth Advisors of Charleston has joined its broker/dealer and registered investment advisor (RIA) platforms. Lighthouse had about $178 million of client brokerage and advisory assets, as of Jan. 2.
The group was started by Wes McKenna and includes four other advisors: Clayton Abel, Kit Leary, Christopher Mathwig and Bobby Parham. It was previously working with Nationwide Securities, according to FINRA BrokerCheck.
“It was important for us to find a broker/dealer that could support our business model and provide access to a robust offering of fee-based products,” said McKenna, in a statement.
“The industry is moving in a way that advisors now need to take a financial planning approach to serving investors’ needs and deepen the value they provide,” explained Steve Pirigyi, LPL’s head of business development. “We certainly understood their desire to evolve their offering so they could better serve their clients’ needs.”
Executive, Board News at Cetera, Wells
The Cetera Financial Group of independent broker-dealers says Maliz Beams is now a member of it’s the board of its parent company, Aretec Group.
Beams has 30 years in the business and was CEO of Voya Financial Retirement Solutions from 2011 to 2015. Earlier, she worked as president and CEO of TIAA-CREF Individual and Institutional Services.
