People Moves

Who's Moving Where In Wealth Management? - SEC, Concurrent, Raymond James

Editorial Staff August 27, 2021

Who's Moving Where In Wealth Management? - SEC, Concurrent, Raymond James

The latest senior moves in wealth and asset management from across the US.

Securities and Exchange Commission
The Securities and Exchange Commission has appointed prominent consumer protection spokesperson Barbara Roper as senior advisor to the chair, Gary Gensler. 

Roper will concentrate on protecting retail investors, including matters relating to policy, broker-dealer oversight, investment advisor oversight, and examinations. She is the director of investor protection for the Consumer Federation of America (CFA).

"Barb is a champion for investors and will provide invaluable counsel on behalf of the American public," Gensler said. "I've had the pleasure of working closely with her on the Sarbanes-Oxley Act and the critical market reforms of the Dodd-Frank Act, and I’m thrilled to collaborate with her again at the SEC."

Roper has worked at the CFA for 35 years. She has conducted studies of the financial planning industry, state oversight of investment advisors, and state and federal financial planning regulation. She has also conducted studies on the need for audit reform in the wake of the Enron scandal, the need for mutual fund reform in the wake of trading and sales abuse scandals, the information preferences of mutual fund shareholders, the potential of the Internet to improve disclosure, and securities law weaknesses as a cause of the financial crisis. 

She has served on numerous advisory committees at the SEC, Financial Industry Regulatory Authority, and other entities. She is a graduate of Princeton University with a degree in art history.

Concurrent, Raymond James
Steve E Bielke has joined Concurrent, a partnership of independent advisors affiliated with Raymond James Financial Services, part of Raymond James. Bielke is managing director of business development. A financial services veteran with nearly 30 years of experience, he most recently worked in business development at Waddell and Reed Financial Services, where he was director of recruiting and advisor acquisition.

Bielke began his financial services career in 1993 with AG Edwards & Sons. He stayed with the company as it was serially acquired first by Wachovia Securities and then Wells Fargo before joining Waddell and Reed in 2019. In 2020, Bielke recruited advisors who represented the most significant year-over-year increase in assets in Waddell and Reed’s history. 

“Steve Bielke has an outstanding, track record as a recruiter and business development executive who shares our commitment to preserve and enhance the Concurrent culture,” Mike Hlavek, founding partner, Concurrent, said. “He’s not only experienced in the wirehouse space but also has a rock-solid understanding of the challenges and benefits afforded to independent advisors. We’ve had tremendous success in recruiting advisors from every corner of the industry and Steve will be a valuable asset in helping us build on that momentum.”

Based in San Diego, Concurrent was founded in 2016 and serves 125 advisors in 55 offices with over $12.2 billion in assets under management and about $12 billion under advisement (as of June 30, 2021).

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