Profile picture for user Roland McMillan

Roland McMillan


Roland McMillan started his career as an intern at a well know Wall Street

money manager firm in the mid '70s.


He has since worked as a money manager and a financial writer at a number of

print/web publications.


As part of his industry coverage for The Wealth Advisor, Mr. McMillan reviews and comments
on timely news items, practice management reports and opinions covering the wealth management industry.


He has held Series 7, 24 and 63 securities licenses in the past.

More Advisors, Estate Planners Seen Starting Trust Companies

At a time when financial advisors are looking for every possible business advantage, launching an advisor-owned trust company appears to be an increasingly attractive option.

At least 50 advisory firms around the country have opened up trust companies so far over the past 5 years, and that's just according to the banking authorities in three states: South Dakota, Nevada and New Hampshire.

The benefits to opening up a trust company include “stickier” assets, additional revenue, and a chance to differentiate a firm in a cutthroat marketplace, experts say.

Morgan Stanley RIA, On Holiday Dies In Accidental Drowning in Antigua

Morgan Stanley VP Ryan James Vollmer, 44 died last week under suspicious circumstances after a hotel party in St. Johns Antigua

[caption id="attachment_34423" align="aligncenter" width="600"] Ryan Vollmer, 44 above swimming on this beach last week drown at 1am following a party he attended at the Galley Bay Hotel in Antigua. Local police continue an investigation to determine possible suspicious circumstances.[/caption]

FolioDynamix to Acquire Assets of Summit Advisor Services

FolioDynamix, announced the acquisition of the assets of Summit Advisor Solutions (“SAS”), a Dallas-based firm focused on providing advisory services in the RIA market. SAS will transition its technology and advisors over to the FolioDynamix platform under the firm’s “FDX Complete” offering, which is an out-of-the-box advisory and technology solution for RIAs of any size.

TD Ameritrade, Toronto-Dominion Buy Scottrade for $4 Billion

Story written by Doug Alexander,  Anna-Louise Jackson  & Matthew Monks  at Bloomberg

TD Ameritrade Holding Corp. and its largest stakeholder, Toronto-Dominion Bank, agreed to buy Scottrade Financial Services Inc. for $4 billion, combining two of the largest online brokerages while expanding the U.S. operations of Canada’s second-largest lender.