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Roland McMillan

Contributor

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

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.

Police reports indicate that Vollmer was a listed as a guest at the Galley Bay Hotel, apparently had just returned to the hotel from an outing, and decided to go for a swim.