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.
By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
Counsel representing Lisa Cook argued the president's pattern of publicly blasting the Fed calls the foundation for her firing into question.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
