LPL Financial, the largest broker-dealer for independent contractor reps, continues to hire and recruit financial advisors to its recently launched breakaway broker-focused channel and said Thursday that James Sheehan and Shawn Tighe had joined the firm from Raymond James & Associates Inc.
Sheehan is based in Charleston, South Carolina, while Tighe works in northern New Jersey. They operate as Sheehan Wealth Management and oversee $450 million in client assets, according to a statement from LPL.
LPL's breakaway advisor unit, called LPL Strategic Wealth Services, has hired 82 advisors from 30 teams, many from wirehouses, since it launched in 2020, according to the company. Strategic Wealth Services financial advisors have $14.3 billion in client assets, according to the company.
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.
