Advisers on the Move

Indie hybrid managing $240 million switches to LPL from FSC

Four-adviser group in Nashville, Tenn., will use Independent Advisor Alliance as OSJ

Nov 12, 2019 @ 11:00 am

By InvestmentNews

Four advisers who managed $240 million while affiliated with the Advisor Group's FSC Securities have switched their broker-dealer and registered investment adviser relationships to LPL Financial.

[More: See more adviser moves in InvestmentNews' Advisers on the Move database.]

Cris Arnold, David McIllwain, Charlotte Martin and Brenda Speer, who are based in Pulaski, Tenn., near Nashville, will use Independent Advisor Alliance as their office of supervisory jurisdiction.

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Mr. Arnold and Mr. McIllwain, friends since the early 1980s, joined their wealth management practices in 2003. That year, Ms. Martin and Ms. Speer, also lifetime friends, formed a practice to serve retirees. The two partnerships have worked together closely over the years and plan to formally merge their practices in early 2020.

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