InvestmentNews’ inaugural Hot List survey closes this Friday, Sept. 8. Readers are invited to nominate industry professionals who made a significant impact in 2023 to be recognized in this prestigious list. Financial advisors, wealth management professionals and executives who have at least 10 years of experience will be considered. If you...
Fidelis Capital, a registered investment advisor, announced Tuesday that a team that oversaw $4.5 billion in assets at Bank of America Private Bank has joined the firm. The team from BofA, which will operate from an office in Washington, D.C., includes wealth strategist Christopher Tate, portfolio manager Michael Sellers, fiduciary...
Raymond James said Wednesday that an Indiana team that managed $335 million at Edward Jones is joining the firm’s independent advisor channel, Raymond James Financial Services. Brothers Nate Pendill and Benjamin “BJ” Pendill are co-founders of Pendill Wealth Management, which has offices in both Bloomington and Mooresville, Indiana. The firm’s...
InvestmentNews’ Hot List provides a look into the standout professionals who rise above the challenges of the industry. InvestmentNews readers are invited to share the story of someone who made a notable impact this year. Submit a nomination now before the survey closes on Friday, Sept. 8. The winners will be featured...
Raymond James announced Monday that it added a San Ramon, California-based team of financial advisors that oversaw more than $2.6 billion in client assets at Securian Financial Services. Summit Financial Advisors is affiliating with Raymond James Financial Services, the firm’s independent advisor channel. Summit, which has 16 advisors and 23 staff...
Raymond James announced Tuesday that advisor Burdette Park, who managed about $300 million in client assets at Merrill Lynch, is joining the firm’s employee advisor channel, Raymond James & Associates. Park and a staffer, Heather Jones, will operate as Burdette Park | Raymond James in Louisville, Kentucky. The firm focuses on...
LPL Financial said Tuesday that Matthew Holbrook, a California advisor who had overseen about $385 million in client assets at UnionBanc Investment Services, has affiliated with its employee advisor channel, Linsco by LPL Financial. Holbrook is launching Coastline Wealth Advisory of LPL Financial in Irvine, California. According to his BrokerCheck report,...
Finra said Monday that it appointed Bill St. Louis as head of enforcement, making him responsible for the agency’s 350 enforcement staffers in 11 offices across the United States. St. Louis succeeds Christopher Kelly, the deputy head of enforcement, who had served as acting head of enforcement since February, when...
Many advisors and their assistants have had the following experience: A long-time client calls with a question or, when responding to a call, somehow seems “off” and not as focused as usual. Maybe it’s a bad day, but the next call results in the same unsettling feeling that something...
The increasing use of artificial intelligence, predictive analytics and other algorithm-based tools in the financial industry has led to some new steps in the ongoing dance of regulators and regulated. As Mark Schoeff Jr. reported in late July, the Securities and Exchange Commission has approved releasing a 243-page proposal...