A team of three advisers — Steven Bailin, Jodie Cohen and Jeffrey Prince — managing $700 million at Morgan Stanley in Los Angeles have formed PBC Private Wealth and gone independent, affiliating with LPL Financial.
The new firm is using the services of LPL’s strategic wealth services team, which supports the needs of breakaway advisers.
Bailin, who started his career in 1987 at Bateman Eichler, had been with Morgan Stanley and predecessor firms for 30 years. Cohen worked at those two firms over the same time period. Prince, also an industry veteran, was with Morgan Stanley for 23 years.
Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
Financial advisors remain vital allies even as DIY investing grows
A trade deal would mean significant cut in tariffs but 'it wont be zero'.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
