David Baland and Liatriz Levy, who managed about $300 million at Merrill Lynch in Albuquerque, New Mexico, have formed Old Town Advisors and affiliated with Raymond James through Concurrent Advisors, a Tampa, Florida-based office of supervisory jurisdiction.
Joining the two in the move is associate Amanda Burrows.
Baland and Levy had been with Merrill Lynch and predecessor organizations for 19 years and 16 years, respectively.
Old Town Advisors marks Concurrent’s first affiliate in New Mexico, Concurrent Advisors said in a press release Wednesday.
New chief executive Rich Steinmeier replaced Dan Arnold on October 1.
The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.
Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.
New survey finds varied levels of loyalty to advisors by generation.
Busy day for results, key data give markets concerns.
A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
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