Brian Lynn, John Fessler and Jim Pacheco, who managed $305 million at Wells Fargo Advisors, have formed Claritas Financial Partners in Marlton, N.J., and affiliated with LPL.
The new firm will use the corporate registered investment adviser platform of LPL through the firm's strategic wealth services unit, which specializes in supporting breakaway employee brokers.
Lynn began his financial career in 1994 at Merrill Lynch. He joined Legg Mason in 1995 and Wells Fargo in 2002.
Fessler joined Wells Fargo in 2014. Jim Pacheco began his career in 1991 at Lutheran Brotherhood Securities, and moved to AXA Advisors in 2001. He joined Wells Fargo in 2008.
[More: Virtual Attraction: Can broker-dealers still recruit reps and advisers, even during a pandemic?]
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Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
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