The deal between Investment Counsel and LaFleur & Godfrey will mark the latter's second transaction in the past 12 months, and comes after Focus partner firms had a busy 2020 in M&A activity.
Stifel is working to revitalize its sleepy independent broker/dealer, Century Securities, starting with a rebrand and a new chief, former Wells Fargo exec Alex David.
The SEC claimed Douglas Elstun put clients' long-term money in high-risk leveraged and inverse ETFs, funds meant for short-term trading. He was trying to 'please too many people,' his lawyer said.
Eddie Welch, who will take over the company's WM business, was the co-founder and CEO of Alabama-based RIA Welch Hornsby, which was added to Captrust last October.
Mary Trump sued in September claiming her aunt and two uncles conspired for decades to skim tens of millions of dollars off her inheritance after her father and then her grandfather died.