Two independent advisers managing nearly $800 million in assets have joined an LPL Financial LLC affiliate in Connecticut, according to an executive at the firm.
Romaine A. Macomb and Theresa V. Donatelli joined Northstar Wealth Partners LLC on Aug. 7 from Essex Financial Services Inc., said Robert Laraia, a founding partner at Northstar. Their team also includes a retirement plan coordinator and a staff member to focus on those accounts. A production figure was not immediately available.
In July, Northstar landed an $860 million team from Essex that nearly doubled Northstar's assets.
Both teams will work together in Old Saybrook, Conn., one of the six offices maintained by Northstar, LPL's largest supervisory office in Connecticut, according to a statement from LPL, the nation's largest broker-dealer.
Northstar has 22 advisers and $1.5 billion in assets, mostly from high-net-worth individuals, business owners, corporate executives and multigenerational families, according to the firm.
A phone call to an Essex executive was not returned.