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The 414-foot vessel was the fourth-largest in the world when it was built in 2003. It has gone through an eight-month refit and features 13 cabins two elevators, an eight-person submarine, two helipads and garage space for helicopters and an SUV.
Royal Harbor Partners, which is using Purshe Kaplan Sterling Investments as its broker/dealer, is led by partners Glenn Royal, Michele Jones and Natalie Picha.
Elias Herbert Hafen told clients to liquidate stocks and retirement accounts to invest in a fake investment fund, according to allegations; instead, the money went toward his expensive art collection.
LPL's branch recruiting is up 45% over a year ago, as the broker/dealer increases recruiting support and opens up the lines of communication to hybrid firms.
Despite a red-hot M&A environment in RIA land, the cost to buy a firm is not yet excessive, argued participants at Echelon Partners' recent Deals & Dealmakers Summit. Still, a market downturn could slash valuations dramatically.