Securities class action settlements set a record in 2016, Ron Paul was named Goldco's chief ambassador, and Mike Piazza (no, not that Mike Piazza) leaves Merrill Lynch for Raymond James.
S&P updates market cap guidelines, bumping Raymond James into the S&P 500, American household wealth hits record high and David High becomes BNY Mellon's senior wealth director in Philadelphia.
Investors continue to consolidate accounts, repealing Obamacare could discourage early retirement, and Brian Stern leaves HD Vest for Cetera.
Lack of face time between his clients and specialists was a main reason for the move.
Todd Sherman, senior vice president, investments and managing director, will lead the SSG Executive Advisory Group of Raymond James.