Merrill solo practitioner with $120 million book joins Wells in Panhandle resort town while Advisor Group pair with $160 million in southwest Florida changes affiliation to LPL.
Broker allegedly failed to properly disclose fundraising for a minor league professional soccer club in Louisville that has since won championships.
Colorado broker left Wells, where she spent more than half of her 38-year career, because of growing charges and its clampdown on small accounts.
Despite pandemic, Wells hired advisors in Pennsylvania and New Jersey who oversaw about $865 million while a Merrill duo near Dallas with $140 million of client assets and a $360-million-asset UBS team in southern California joined Raymond James.
New Jersey brokers are the second team to join LPL’s Strategic Wealth Services channel aimed at brokers from large employee-model firms.
Missouri broker stipulated that he will not contact former clients until October 2021.
Nebraska-based OSJ said it moved in part over concerns about its former firm’s recent purchase by private equity-controlled Advisor Group.
Cetera Financial Group, the 8,000-advisor independent broker whose credit outlook was downgraded recently, has cut several senior managers in recent weeks amid a broad “organizational realignment.”
AdvisorHub’s Publisher & CEO — Tony Sirianni — asked executives from top firms their thoughts on the wealth management industry. …