"Recruiting is as strong as ever" at LPL, one analyst noted.
The broker-dealer behemoth’s recruitment drive continues unabated as it welcomes the pair who reported managing around $200M in assets.
"Every private equity deal we have seen in the brokerage industry has lasted five to seven years," one executive said.
“We’ve done scores of theft cases over the years and it’s a cancer," said one attorney.
The broker-dealer giant is expanding its profile in Texas with a holistic planning firm working with multigenerational clients.
"It doesn't look too problematic at all," Paul Reilly said.
The broker-dealer broadened its advisory footprint in North Carolina as industry veteran returns from Benjamin F. Edwards & Co.
"It appears to be less restrictive than what was proposed," says CEO.
"I do believe that the market is very competitive," says Ameriprise CEO Cracchiolo.
The breakaway advisor group joining the broker-dealer arrives from PNC Investments.
"We’re seeing continued deal flow of mid-sized and smaller RIAs, along with broker-dealers, too," one banker said.
The broker-dealer giant broadens its presence in Texas with the launch of an $820M multigenerational high-net-worth practice.
The two groups were among several former First Republic teams whose exits from J.P. Morgan were announced Friday.
'Credit unions are nonprofit institutions, so that creates a collaborative approach,' Cassidy says.
The firm's addition of the California-based team of 12 extends its ambitious push into the ultra-high-net-worth space.
The firm is bolstering its presence in Florida by adding a 12-person group managing $3.5 billion in assets.
The broker-dealer giant is expanding its independent advisor division with two advisors from PNC Investments.
The wirehouse is expanding its presence in New York City as it adds another high-net-worth pair to its bench.
By 2020, 'GWG had shown years of losses and large negative cash flows,' a securities arbitrator writes.
Based in Texas, the two are starting their own practice, with one advisor’s father joining the team.
