According to the Justice Department, Stephen Mellinger created a system where clients could claim deductions on fabricated business expenses while the advisor pocketed millions in fees.
The hires are partly to further position Raymond James' stance in private market investments for high-net-worth clients, says newly appointed private client group president Tash Elwyn.
To ensure uninterrupted delivery of this critical eNewsletter alert be sure to add WealthManagement.com and the reply address to your list of safe sender contacts.
