As wirehouses battle to retain control of their channel and maximize profit, expect more advisors to vote with their feet in search of freedom and flexibility.
Don Heberle, the CEO of BNY Mellon Wealth Management, is leaving the firm at the end of March, according to the Pittsburgh Business Times. The decision was a mutual one after a discussion with the bank's leadership, a spokesperson said Tuesday. ...
Plancorp Names Chris Kerckhoff CEO St. Louis-based advisory firm Plancorp has named Chris Kerckhoff as its next CEO. Kerckhoff started with Plancorp in 1997 as a financial advisor when the firm managed just $198 million in assets. He became Plancorp president in 2010, and the firm now has four offices and $4 billion in client assets. ...
Kestra Adds Another NPH Team Kestra Financial has recruited a mother/son team from Albuquerque, N.M., in the wake of LPL Financial’s acquisition of the National Planning Holdings broker/dealer network. Pamela and Chris Davis of the Davis Advisory Group, which manages $110 million in client assets, moved their book of business over from SII Investments, one of the NPH b/ds. ...
