LPL has expanded its presence in the eastern US further with a fresh addition in Virginia.
The company announced Thursday that Highland Partners Financial Services, led by managing partner George Mark Hamby, have joined its broker-dealer, RIA, and custodial platforms.
Highland Partners, previously affiliated with Momentum Independent Network, a subsidiary of Hilltop Holdings, reported serving more than $400 million in advisory, brokerage, and retirement plan assets.
Based in Glen Allen, Virginia, the firm was established in 2019 by Hamby, who has over three decades of experience in the financial services industry.
It supports advisors J. Michael Duke, Thomas R. Kirby, Simon M. Joseph, and Elaine B. Miller in Virginia, Bernard R. Theis in Pennsylvania, and Lawrence Karpf, Jean E. Albanese, and Patricia E. Donelan in New Jersey. Each advisor manages their individual practices, providing comprehensive investment strategies and financial planning for clients.
“At Highland Partners, we understand why so many practice owners are seeking independence but are hesitant to follow their heart,” Hamby said in a statement. “That's why we have created a custom partnership that delivers the control of independence with the comfort of a turnkey employee atmosphere.”
After a thorough evaluation, Hamby said LPL emerged as his firm’s partner of choice due to its “market reach, award-winning technology and commitment to the individual investor experience.”
“We wanted simplicity and ease of doing business, and LPL does a good job of lifting our brand and providing innovative resources that will cut down on some of the busy work,” he said.
LPL’s move in Virginia extends a so-far frenzied last week of May for the firm. On Wednesday, it onboarded a $215 million team from Securities America, a unit of Osaic, in California.
Prior to that on Tuesday, it welcomed a $200 million advisor pair from Berthel Fisher & Co.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
