Miles, a former principal at AdvicePeriod, plans to help the RIA expand services to clients and get employee-owned Freestone national name recognition to lure more advisors to its ranks.
Among the biggest developments set to influence advisors’ businesses this year include consolidation among wealth management firms, the rise of ESG investing, a renewed focus on prospecting and changes to advisor compensation models.
William D. King, CEO of ABA Accountants, has also been temporarily barred by the SEC for selling penny stocks without disclosing his fees.
The lapses in record retention, fingerprinting and failing to oversee the drafting of consolidated reports led to 1.5 million costumer communications being deleted and a former rep running a Ponzi scheme, FINRA claimed.
Veteran Scott Kays' $800 million fee-only firm is on the larger side for the acquisitive Mercer, suggesting the national RIA may start looking at more mid-sized targets.
His family discovered thousands of Post-it notes with potential deals and financial commitments all over the walls at his Park City, Utah, mansion.
Longtime employee Dustin Lucien, the former head of engineering who was most recently listed as the firm's COO, has left Betterment.
The retirement-focused RIA's partnership with a PE firm follows a similar deal between Captrust Financial Advisors and GTCR last June.
