Lexington Wealth Management, a registered investment advisory firm that manages $1.3 billion in Lexington, Massachusetts, has acquired Marcus Financial Advisors, a Beverly, Massachusetts-based affiliate of Raymond James that has $200 million in assets under administration.
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The acquisition was facilitated by the mergers and acquisition team at Hightower, which owns an interest in Lexington.
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Jon Marcus of Marcus Financial will join Lexington as a senior wealth adviser. In the wake of the acquisition, Lexington has 13 advisers, and 20 employees overall.
Executives from LPL Financial, Cresset Partners hired for key roles.
Geopolitical tension has been managed well by the markets.
December cut is still a possiblity.
Canada, China among nations to react to president-elect's comments.
For several years, Leech allegedly favored some clients in trade allocations, at the cost of others, amounting to $600 million, according to the Department of Justice.
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