LPL adds California team managing $150 million
A team of advisors who oversaw roughly $150 million in client assets at Securities America, a unit of Osaic, joined LPL Financial’s broker-dealer, RIA and custodial platforms, the firm announced...
View ArticleDavid Kowach’s &Partners starts hiring advisors
David Kowach, former head of Wells Fargo Advisors, and his new firm, &Partners, bought a broker-dealer in Nashville at the end of August. Now they’re hiring and recruiting financial advisors, with...
View ArticleTeam managing $800M joins Arkadios
Three advisors who were overseeing $800 million in client assets have affiliated with Arkadios Capital, the firm announced Thursday. Tripps Moog, who was an executive director at J.P. Morgan...
View ArticleMerrill adviser overseeing $350M moves to UBS
An advisor who was managing $350 million of client assets at Merrill Lynch has affiliated with UBS Wealth Management, the firm announced Friday. Matt Burton will join UBS as a managing director and...
View ArticleRBC Wealth adds $630M teams from Morgan Stanley, Wells Fargo
RBC Wealth Management has added two advisor teams across three states with a combined $630 million in client assets. The additions are the latest wirehouse defections for the Canadian-owned firm,...
View ArticleLPL nabs team managing $900M at RBC
A team that oversaw $900 million in client assets at RBC Wealth Management has affiliated with LPL Financial’s LPL Strategic Wealth Services, the firm said.The four advisors are launching Sides Wealth...
View ArticleCetera affiliate Totus Wealth Management adds $327M team
Advisors from two separate firms are joining forces to launch a new office for Totus Wealth Management, which has been affiliated with Cetera since 2021. The metro Atlanta office brings together...
View ArticleMerrill advisors managing $390M jump to LPL Financial
A pair of advisors who had managed $390 million of client assets at Merrill Lynch moved to LPL Financial and its employee advisor channel, Linsco, the firm announced Thursday. Jared West and Sandy...
View ArticleSteward Partners picks up $170M team in Florida from Hightower
A $170 million advisor team has joined Steward Partners Global Advisory to open an office in Sarasota, Florida. Sunshine Private Wealth is led by Faiza Kedir, CFP, and was previously with Hightower...
View ArticleCelebrated $1.9B wirehouse team launches independent RIA firm
A team of three advisors has taken the decision to break away from Morgan Stanley to launch an independent RIA firm. Founding partners Trent Leyda, Kay Campione and Jim Beindorf, along with associate...
View ArticleRBC Wealth adds $450M wirehouse team in Philadelphia
A team of six has moved to the RBC Wealth Management branch in Philadelphia having managed $450 million in client assets at Morgan Stanley. The DeCaro Eisenberg Wealth Management Group comprises four...
View ArticleLPL nabs $265M team from Cadaret Grant
A firm that had overseen $265 million in assets at Cadaret Grant & Co. has affiliated with LPL Financial and will use LPL’s broker-dealer, RIA and custodial platforms, the firm announced Monday....
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Wells Fargo advisors jumping internally — to FiNet
Wells Fargo Advisors, the broad marketing umbrella for close to 12,000 bank advisors, wealth management advisors and independent advisors, is betting big on its independent advisor business, in which...
View ArticleAdvisors prefer independent business models, Fidelity finds
It appears that more advisors are making the move to go independent — and there’s no sign of that trend stopping. New Fidelity Investment research found that approximately 1 in 6 advisors have...
View ArticleNorth Carolina advisor takes $140M practice to Raymond James
A North Carolina financial advisor has switched to Raymond James Financial Services from Edward Jones where he managed almost $140 million in client assets. Jonathan “J.D.” Swart, CPA, CRPC, and his...
View ArticleHorse racing principles guide $265M team to independence with LPL
A pair of financial advisors is launching a new independent practice with LPL Strategic Wealth Services, having managed around $265 million at RBC. Trevor Johnson and Brian Russo have joined LPL’s...
View ArticleBeacon Pointe adds $2 billion team from UBS
A team of advisors who oversaw $2 billion in client assets at UBS Private Wealth Management have joined RIA Beacon Pointe Advisors, the firm announced Tuesday.Russell Crow and William Diehl head the...
View ArticleRecession not likely, says Morgan Stanley’s Gorman
Morgan Stanley chairman and CEO James Gorman, who is stepping down from that lofty perch next year, said Wednesday morning in a conference call with analysts that a recession is not on the immediate...
View ArticleDan Wiener steps back from the $15B RIA he co-founded
Daniel Wiener has long been a fan, if a highly critical one, of Vanguard funds. That led the former personal finance writer for U.S. News & World Report to start a newsletter in 1991 that became...
View ArticleMerrill team overseeing $1.37B jumps to RBC
A team that oversaw $1.37 billion in client assets at Merrill Lynch has joined RBC Wealth Management, the firm announced Thursday.The Miami-based Ruccio Group is led by managing director Jeremy...
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