According to records filed with the SEC, Arnold will retain 47,994 non-forfeited options with a price per share of $327.56. This totals about 15% of what he could have received if he had been terminated without cause.

Yet they may also be powerful weapons.

WEG, which had $4 billion in brokerage assets with LPL, is the second “strategically misaligned" large OSJ to separate from the IBD.

In a statement, CEO Burt White lauded Shepherd’s commitment to the company and said the firm supports her decision to “focus on her family.”

Kristi Margaret Berge pleaded guilty to wire fraud earlier this year. The DOJ said she used client funds to boost her real estate business of flipping properties.

Longtime industry analyst Chris Shutler joins Orion after a stint at Envestnet in a similar role.

The new hires, who come from various firms, have joined the multi-custodial hybrid RIA co-founded by CEO Nate Lenz.