The Client: Finding and winning new clients

August 12, 2020

Creative Planning Acquires $600M RIA in Ohio
Lenox Wealth Management is at least the sixth acquisition for Creative Planning this year.

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August 12, 2020

Merrill's FA Trainee Client Prospecting Pause is Due to Violations: Trainee
The wirehouse “consistently” reviews its policies, procedures and controls “for potential enhancements,” a spokesperson says.

Last Comment: August 12, 2020
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August 12, 2020

Judge Grants JPMorgan’s TRO Request Against Ameriprise FA
Meanwhile, Paul Riley, whom JPMorgan accused of taking $25 million in client assets to Ameripise, has filed a motion for a reconsideration of the temporary restraining order.

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August 12, 2020

Morgan Stanley Loses FA Team to RBC Wealth Management
The four advisors joining RBC in California previously managed $675 million at Morgan Stanley, according to RBC.

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August 12, 2020

Ex-Merrill FAs Launch Indie Practice in Vegas
Andy Ferguson has launched Proquility Private Wealth Partners, with financial advisor Patty Yeager.

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August 12, 2020

Hightower Invests in $600M Texas-Based Wealth Management Practice
Teak Tree Capital Management caters to entrepreneurs, business professionals and multi-generational families.

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August 11, 2020

Carson Partners Adds Connecticut-Based Wealth Mgmt Practice
Gold Family Wealth manages $77.5 million.

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August 11, 2020

Baird Nabs Morgan Stanley FA Team in Pennsylvania
The Fischetti Barry Family Wealth Planning Group manages $280 million in assets under management.

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August 11, 2020

LPL Financial Lures FA Practice from Lincoln Financial
Bialke Financial Partners manages approximately $150 million.

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August 11, 2020

Interactive Brokers Fined $38M Over Failure to Report Suspicious Activities
The firm has settled with the SEC for $11.5 million, with Finra for $15 million and with the Commodity Futures Trading Commission for $11.5 million, according to the SEC.

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