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

Identifying unconventional risk and finding a secret weapon in client portfolios

Advisers are hungry to find new alternative investment opportunities. But Rupal Bhansali of Ariel Investments says the secret weapon could be right under your nose - in cash.

Latest news & opinion

Meet our 2017 Women to Watch

Introducing 20 female financial advisers and industry executives who are distinguished leaders, advancing the business of providing advice through their creativity and hard work.

Raymond James executives call on industry to keep broker protocol

Also ask firms to pay for the administration of the protocol to 'ensure its longevity and relevance.'

Senate committee approves tax plan but full passage not assured

Several Republican senators expressed reservations about the bill, and the GOP cannot afford too many defections.

House passes tax bill, focus turns to Senate

Tax reform legislation expected to have more of a challenge in upper chamber.

SEC enforcement of advisers drops in Trump era

The agency pursued 82 cases against advisers and firms in fiscal year 2017, down from 98 the previous year.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print