LPL Financial has recruited a five advisers managing $225 million in client assets from PNC Investments.
The advisers will align with Bedminster, N.J.-based Gladstone Advisors, and LPL's broker-dealer and corporate registered investment adviser platforms.
Of the five advisers, Tom Becker is based in Cape May, N.J., while Steve Pollock, Jane Rocks and Robert Litwin are based in Marlton, N.J., and Michael Schneider will join the headquarters office.
Gladstone joined LPL Financial in 2012.
President and founder Robert Hudson said Gladstone helps advisers transition to the independent model by providing the resources they need to build and manage their business.
That includes providing office space, marketing, business development, operational capacity to support the transition of their business and an established network of advisers for ongoing support.
"We understand the hurdles that can keep advisers from making the move to independence," Mr. Hudson said. "At some point in time, we were all one of those advisers."