$1 billion California team joins Private Advisor Group
Irvine-based AK Financial Group will transition its RIA to Private Advisor Group's.
AK Financial Group, an Irvine, California-based firm managing $1 billion, has joined Private Advisor Group, a Morristown, New Jersey-based firm managing $33 billion that’s a large office of supervisory jurisdiction for LPL Financial.
AK Financial Group’s own registered investment adviser will be folded into that of the Private Advisor Group. AK’s 25 advisers and staff already are affiliated with LPL.
“Winding down my RIA operations allows me to spend more time doing what I love most: spending time with clients and mentoring financial advisors,” said Andrew Karlinski, who heads AK Financial.
Karlinski, who has 45 years of experience, will also serve as managing director of the West region for Private Advisor Group.
[More: Private Advisor Group reels in new investor capital]
‘IN the Nasdaq’ with Invesco chief global market strategist Kristina Hooper
Learn more about reprints and licensing for this article.