Advisers on the Move

Cambridge loses $120 million team to LPL

Five-person group based in Reading, Pa., affiliates with hybrid arm

May 22, 2017 @ 2:12 pm

By InvestmentNews

A five-person hybrid advisory that manages $120 million in assets has switched affiliation from Cambridge Investment Research to LPL.

Based in Reading, Pa., and operating as CFG, the team is led by Michael Krumholz and includes adviser Sheila Little. The team will use the services of the Independent Advisor Alliance, an advisory firm that serves 75 of LPL's hybrid affiliates, LPL said in a release.

CFG was founded in 1986 and also maintains an office in Columbia, S.C.

(More: See all the latest moves in the InvestmentNews Advisers on the Move database)

Mr. Krumholz has been affiliated with several broker-dealers over the years, including First American National Securities, Intersecurities, WMA Securities and Prime Capital Services. He and his team joined Cambridge in 2007. Ms. Little began her career in 2013 when she joined CFG.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

3 Questions to ask yourself when making your succession plan

Michael Futterman from Janus Henderson Investors has sage advice for advisers as they approach retirement.

Latest news & opinion

CFA Institute adding crypto, blockchain to curriculum

Subjects will be added to its Level I and II coursework for the first time next year.

Trump tax plan making dividend ETFs hot

Funds that are seeing inflows largely steer clear of sectors like utilities.

Wells Fargo Advisors continues to see a decline in brokers

Company also set aside $114 million over fees for rich clients.

Morningstar to replace funds in its managed portfolios with nine of its own

New sub-advised funds, offered exclusively through financial advisers, are intended to lower costs and provide 'greater flexibility.'

Average client assets top $2 million for first time

Charles Schwab's latest RIA Benchmarking Study reports organic growth is driving increased AUM and revenues.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print