Walnut Beech Advisors, an office of supervisory jurisdiction whose advisers manage $550 million, has joined LPL Financial from Royal Alliance, part of Advisor Group.
The team of 20, led by OSJ manager Tim Maurer and Rick Bentancourt, has been moving to LPL since last fall, with its final adviser joining this month, LPL said in a release.
The new firm name, Walnut Beech Advisors, represents the streets where its offices are located in Rochester, Michigan, and Long Beach, New York.
Altruist founder and CEO Jason Wenk shares insights on the custodial platform's refresh, how it's striking a chord among entrepreneurial advisors, and what's ahead after its latest $152 million funding round.
Following Wall Street Journal reporting from unnamed sources, the Chicago-based financial giant stressed its commitment to "delivering long-term value to our stakeholders."
The advisor, Andrew Nash of El Capitan Advisors, used the funds to buy a house, according to the SEC.
The digital investment platform's announcement of a confidential submission to the SEC comes amid a broader trend of consumer fintech firms going to market.
The Canadian startup's latest funding round, raising $60 million from the banks and other investors, is set to fuel its continued expansion into the US.
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
