Hybrid broker-dealer CoastalOne has snagged nine advisors based in north Texas, the company said.
Formerly associated with Titan Securities, the advisors collectively managed over $500m in total client assets, according to CoastalOne. They have joined the Wilmington, Del.-based CoastalOne along with their support staff, the company said.
Titan Securities ceased operations in June, according to a Finra BrokerCheck report. The firm had been fined six separate times by Finra since 2009, per the report, including for recommending illiquid life insurance bonds to 51 Texas clients two years ago, in violation of Regulation Best Interest.