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Partnering with Dynasty Financial Partners, Marty Bicknell’s Mariner Platform Solutions will target advisory firms that want to affiliate with Mariner for back-office support but retain ownership of their practices.
After managing his own registered investment advisory since 2004, Bedminster, N.J.-based Robert Bacino moved his book of business back to the employee model.
The online brokerage that’s suffered repeated outages during recent market turmoil, is close to raising new funding at a valuation of about $8 billion, according to people familiar with the matter.
Morgan Stanley’s best trading performance in more than a decade capped off a quarter in which Wall Street capitalized on wild markets. But the firm cast doubt on whether those gains can continue.