A former middle school and high school English teacher, Bruce Kelly started at InvestmentNews in 2000 as the brokerage reporter after a two-year stint at sister publication Pensions & Investments. He writes a bi-weekly, award winning column, On Advice, and covers the independent broker-dealer industry.
'It's a weird little portmanteau,' one marketing executive said.
'New leadership has been making big strides,' says industry source.
'We’re in many more conversations than deals,' one LPL executive noted.
Bad markets make clients realize they need their advisors, says industry expert.
Meanwhile, the firm was keeping mum on 60 financial advisors from one group that left Raymond James last quarter.
One broker used client funds to pay expenses, while another used client cash to buy real estate.
Crown Capital CEO Darol Paulsen says shared philosophy with LPL will help its advisors spend more time with clients.
The deal between broker-dealer aggregator Wentworth and Kingswood SPAC must be completed by late November.
Naratil, a 39-year veteran of UBS, last fall stepped down from his senior roles at the wirehouse.
Meanwhile, Cetera is offering tailored retention bonuses to Securian advisors who manage offices.
