Firm receives Wells Notice notifying it that action is possible because one branch office's activity
NFP Advisor Services chief James Poer says firm is adding 53 advisers and roughly $30 million in revenue, mostly from Financial Telesis.
Finra arbitration panel finds adviser liable for remaining balance on promissory note, but orders wirehouse to pay for closing his branch.
Brokers who make large drawdowns from their investment accounts may be showing their hand before breaking away.
Even as firms trim non-compensation expenses, profit margins stay below stated goals.
Lawrence Raffone will replace CEO and co-founder Jeffrey Maggioncalda, who will leave Jan. 1.
The hybrid firm has brought on over $1 billion in assets from the wirehouse in the past month.
Firm adds 43rd team to its partnership as it begins deploying funds from a $100M loan to boost recruiting. <i>See <a href="http://data.investmentnews.com/aotm/">IN's Advisers on the Move</a> for other big deals.</i>
Firm signs Kimberly Hollenbeck to help recruit on the West coast; fills position left open by Kevin Geary.
