Winston Wealth Advisors, a hybrid managing $300 million with offices in Lubbock and Dallas, Texas, has switched its broker-dealer affiliation and registered investment adviser platform to LPL.
The firm joins from Securities America, which is part of the Advisor Group network of broker-dealers, and it is the second team in a week making the same affiliation change.
Last Thursday, JFC Financial Services, with 100 advisers and a reported $3 billion in assets, completed its move to LPL. The firm's CEO described Advisor Group's private-equity ownership as "a big negative."
David Winston founded his company 25 years ago and has since purchased two practices from retiring advisers. The business includes financial professionals Dianna Dunlap, Ashley Hougland, Tara Kincaid and Jacob Winston, David’s son. Cassie Hererra provides client support.
A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to Devoe & Company.
Also, Advisor CRM announces a new data integration partnership to ease the pain of client onboarding.
Meanwhile, Merrill Lynch intends to continue building its alternative investment platform for wealthy clients.
The co-founder of IFG discussed with InvestmentNews the unique opportunity that remaining independent offers to build a successful firm.
Three industry leaders will join the hybrid RIA's president and LPL alum, Andy Kalbaugh, to help guide its organic and merger-based growth strategy.
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.
