Since the original publication of this story, a FINRA arbitration panel approved the removal of a U5 disclosure associated with Craig Douglas Findley's BrokerCheck record. Findley's BrokerCheck currently shows no disclosures.
Dismissed from UBS in April, a former top advisor is starting a second act as an independent advisor backed by Dynasty Financial Partners.
The wirehouse discharged Craig Findley, now CEO of Venture Visionary Partners, for allegedly violating firm policies involving training and outside activities, according to the firm's note in his
“I acknowledge that I violated firm policy when I failed to advise management that my assistant had taken a training module for me. However, I did not intentionally violate firm policy nor was I ever warned, put on heightened supervision or subject to any type of progressive discipline for this action,” Findley said in a response included in his BrokerCheck record.
Through a spokeswoman, Findley declined to discuss the matter further. A UBS spokesman also declined to comment.
An advisor 26 years, Findley has no other disclosures on BrokerCheck.
Findley has been listed on a number of top advisor lists, including those of Barron’s and Forbes.
His multistate UBS team of 36 professionals had AUM as $6.08 billion as of Oct. 1, 2018,
The Dynasty announcement about Findley’s new firm listed its AUM as $1.5 billion.
Venture Visionary Partners uses Schwab Advisor Services for custodial support, according to Dynasty. The firm is comprised of 11 team members, including former UBS employees Robert Retzloff, COO; Brian Funkhouser, managing director of investments and retirement plan consulting; and John O’Brien, director of retirement plan consulting.
In a statement announcing his new firm, Findley pointed to what he sees as the benefits of independence. “We will now be able to evaluate decisions from a different perspective and seek out optimal solutions, regardless of where the solutions reside. Leveraging Dynasty’s capabilities will allow us to tap what we believe to be the best resources and capabilities through their open architecture platform.”
“Craig has considerable stature in the industry and we are excited to partner with him and his team as they move to independence,” Shirl Penney, CEO of Dynasty Financial Partners, said in a statement.
For Dynasty, it’s the latest former wirehouse team to set up an independent practice with its support. In April,
To attract more breakaway brokers,