LPL has reinforced its profile in the Lone Star State as a multibillion dollar practice joins its network from Raymond James.
On Thursday, LPL announced that The Noble Group, a wealth management firm founded in 1996 by Tom Noble, has joined its broker-dealer, RIA, and custodial platforms. Based in Sugar Land, Texas, and with a registered office in Dallas, the group reported managing approximately $2.1 billion in advisory, brokerage, and retirement plan assets.
The Noble Group offers a broad range of services, including financial planning, corporate retirement plan consulting, investment advice, and portfolio managementfor its client base of high-net-worth families, retirees, and business owners. The firm operates with a team-oriented model, driven by nine advisors and 13 support staff members.
Aside from switching affiliations, the team is undergoing a leadership change as Tom Noble steps back from daily operations. Joey Rose, who has been with the firm since 2011, is stepping into the void to lead as president and CEO.
“Whether partnering with clients to develop an effective, efficient and comprehensive financial plan for their families or managing corporate retirement plans, our team is committed to being there to guide clients through the journey — from education to realization,” Rose said in a statement.
Rose emphasized the benefits of the move to LPL, particularly highlighting the flexibility the platform offers. “We believe LPL offers us the next level of independence, allowing us to select the financial planning software and resources that are most suitable for our clients,” he stated.
The Noble Group views the move as an opportunity for growth and succession planning. Rose remarked, “The culture we’ve created at The Noble Group is phenomenal. It’s truly a place where you can come enjoy your career and grow within the organization.”
LPL's move in Texas comes at a turbulent time for the firm. On Tuesday morning, it confirmed that it had completed its deal to acquire Atria, and announced the abrupt termination of its CEO that same afternoon.
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.
