Broker Dealers

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Practice overseeing $700 million returns to LPL
NEWS BROKER DEALERS SEP 22, 2021
Practice overseeing $700 million returns to LPL

Wealth Advisory Services, a hybrid in Doylestown, Pennsylvania, had been affiliated with Raymond James for five years.

Female duo managing $230 million at FiNet returns to LPL
NEWS BROKER DEALERS SEP 20, 2021
Female duo managing $230 million at FiNet returns to LPL

Carrie Turcotte and Crystal Walker run NorthShore Financial Strategies in Chattanooga, Tennessee.

Trio managing $366 million at Voya joins Royal Alliance
NEWS BROKER DEALERS SEP 17, 2021
Trio managing $366 million at Voya joins Royal Alliance

Altus Consulting Group, based in Texas and Wisconsin, becomes an office of supervisory jurisdiction.

Nebraska bank program managing $300 million switches to LPL
NEWS BROKER DEALERS SEP 17, 2021
Nebraska bank program managing $300 million switches to LPL

Sandstone Wealth and its two advisers were formerly affiliated with Raymond James and Royal Alliance.

What's LPL's recruiting deal for employee advisers?
NEWS BROKER DEALERS SEP 15, 2021
What's LPL's recruiting deal for employee advisers?

LPL's new deal to attract employee advisers has two parts: an upfront signing bonus and a second bonus that's paid over several years.

Wells Fargo duo managing $305 million goes indie with LPL
NEWS BROKER DEALERS SEP 13, 2021
Wells Fargo duo managing $305 million goes indie with LPL

David Crossan and John Stephens Jr. set up shop in Manahawkin and Manchester on the New Jersey shore.

Northwestern rep overseeing $380 million goes indie with LPL
NEWS BROKER DEALERS SEP 09, 2021
Northwestern rep overseeing $380 million goes indie with LPL

John Vande Bossche leads the six-person team in Anaheim, California, that includes his wife, son and daughter.

Adviser managing $300 million at Morgan Stanley joins LPL
NEWS BROKER DEALERS SEP 08, 2021
Adviser managing $300 million at Morgan Stanley joins LPL

Francis Ciocari is affiliating with the firm through super OSJ Gladstone Wealth Partners and will be opening an office in Blue Bell, Pennsylvania.

LPL grabs former Voya team with $400 million in assets
NEWS BROKER DEALERS SEP 07, 2021
LPL grabs former Voya team with $400 million in assets

LPL made clear it was eyeing Voya financial advisers after Cetera Financial Group Inc. said it was buying the firm in February.

Raymond James affiliate managing $625 million moves to LPL
NEWS BROKER DEALERS SEP 01, 2021
Raymond James affiliate managing $625 million moves to LPL

The six-adviser team at TBT Financial Services is based in Tyler and Longview, Texas

Wells Fargo team managing $295 million jumps to LPL
NEWS BROKER DEALERS AUG 31, 2021
Wells Fargo team managing $295 million jumps to LPL

Allison Taylor leads the all-female group in Huntington Beach, California.

Wells Fargo duo managing $235 million go indie
NEWS BROKER DEALERS AUG 25, 2021
Wells Fargo duo managing $235 million go indie

The two advisers are affiliating with LPL Financial through its service for breakaway brokers.

LPL, Commonwealth start to gain traction with wirehouse reps
NEWS BROKER DEALERS AUG 24, 2021
LPL, Commonwealth start to gain traction with wirehouse reps

For decades, the prevailing wisdom among recruiters and industry executives has been that wirehouse advisers are far less likely to move to independent broker-dealers than other advisers.

Burt White to retire from LPL Financial
NEWS BROKER DEALERS AUG 23, 2021
Burt White to retire from LPL Financial

After 14 years as the firm's chief investment officer, Burt White is retiring in March, according to a company announcement. LPL, now with more than 19,000 affiliated financial advisers, is currently looking for a replacement.

Lincoln Financial settles age discrimination claim with former recruiter
NEWS BROKER DEALERS AUG 23, 2021
Lincoln Financial settles age discrimination claim with former recruiter

When Louis Hanna was fired in 2017, he was 50 years old, had early-stage prostate cancer and was seeking medical leave, according to the complaint.

Oppenheimer adviser managing $550 million goes indie with LPL
NEWS BROKER DEALERS AUG 12, 2021
Oppenheimer adviser managing $550 million goes indie with LPL

Ken South and his team open Tower 68 Financial Advisors in Newport Beach, California.

MassMutual indie broker-dealer to offer Bitcoin fund to clients
NEWS ALTERNATIVES AUG 11, 2021
MassMutual indie broker-dealer to offer Bitcoin fund to clients

MML Investors Services has entered into a placement agent agreement with NYDIG, a provider of technology and investment solutions that focuses on Bitcoin.

Indies managing $376 million switch to Securities America
NEWS RIAS AUG 09, 2021
Indies managing $376 million switch to Securities America

Robert Batick moves from Westport Capital, while Norman Coates made the switch from LPL Financial.

Wells Fargo duo managing $266 million goes indie with Raymond James
NEWS BROKER DEALERS AUG 05, 2021
Wells Fargo duo managing $266 million goes indie with Raymond James

Jeff Anderson and Doug McClure of Bothell, Washington, affiliate through Mainspring Wealth Advisors, an office of supervisory jurisdiction.

Practice managing $300 million at Lincoln Financial joins Cetera
NEWS BROKER DEALERS AUG 03, 2021
Practice managing $300 million at Lincoln Financial joins Cetera

Exton, Pennsylvania-based Brumbaugh Wealth Management is affiliating with Cetera through super OSJ AdvisorNet