$400 million bank program shifts to LPL

Landmark Bank had used the Raymond James platform before being acquired by Simmons Bank

Simmons Bank, which recently acquired Landmark Bank and its $400 million investment program, has switched that program to the LPL Financial platform from Raymond James.

The Simmons Investment program, which is headquartered in Pine Bluff, Ark., has advisers in Texas, Missouri and Tennessee.

After the acquisition of the Landmark program, which was part of its July 2019 acquisition of Landmark Bank, based in Columbia, Mo., Simmons now accounts for $1.5 billion in brokerage and advisory assets that use the LPL platform.

[More: Virtual Attraction: Can broker-dealers still recruit reps and advisers during a pandemic?]

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