LPL Financial Inc. said the wealth management team from CenterState Bank in Winter Haven, Florida, will be using LPL's Institution Services after CenterState merged with South Carolina-based South State Bank, which was already an LPL client.
CenterState, which has about $350 million in assets, previously was affiliated with NBC Securities, LPL said in a release.
CenterState’s wealth management program includes eight advisers and five staff members. South State’s wealth management unit has more than 40 employees.
According to the release, the combined team will serve clients in six states: Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia.
See the latest Advisers on the Move here.
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.
