This Week’s Prime 5: Wayne Bland on Range and his $34-Mln Jones Settlement, Merrill Lifers Launch RIA in CO, And Extra

This Week’s Prime 5: Wayne Bland on Range and his $34-Mln Jones Settlement, Merrill Lifers Launch RIA in CO, And Extra – AdvisorHub

September 25, 2021

1. After $34 Mln Settlement with Edward Jones, Wayne Bland Reckons with Way forward for Range in Wealth Administration
   “Generally it takes management to step up and make the change,” Wayne Bland stated. “The opposite individuals, hopefully, come alongside later.”
   
2. $8.8-Million Workforce of Merrill Lifers Exits to Launch RIA in Colorado
   5 advisors had a mixed 86 years with Merrill, in line with BrokerCheck, and had managed $1.75 billion in buyer property.
   
3. Extra “Mission Thunder” Painkillers for Merrill Brokers, Whereas Sieg Tags Massive 2022 Comp Modifications As Unlikely
   Merrill Lynch Wealth Administration President Andy Sieg informed brokers to not count on any “large-scale change” of their compensation plans for 2022 whereas acknowledging dealer attrition remained a difficulty.
   
4. 51-12 months Business Vet Dinged for Receiving $477ok Reward from Aged Shopper
   Jerry Rice resigned from Raymond James’ unbiased dealer unit in 2019 after the agency initiated a evaluate into alleged conflicts of curiosity associated to undisclosed presents from a shopper.
5. Arbitrator Empathizes with Fired Dealer over 251-Web page Compliance Guide, Erases U5
   Bradley R. Thompson, a 22-year dealer now with Kovack Securities, was profitable in expunging from his document a 2016 violation from LPL Monetary over an “infraction of agency coverage regarding loans.”

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