Brian Lynn, John Fessler and Jim Pacheco, who managed $305 million at Wells Fargo Advisors, have formed Claritas Financial Partners in Marlton, N.J., and affiliated with LPL.
The new firm will use the corporate registered investment adviser platform of LPL through the firm's strategic wealth services unit, which specializes in supporting breakaway employee brokers.
Lynn began his financial career in 1994 at Merrill Lynch. He joined Legg Mason in 1995 and Wells Fargo in 2002.
Fessler joined Wells Fargo in 2014. Jim Pacheco began his career in 1991 at Lutheran Brotherhood Securities, and moved to AXA Advisors in 2001. He joined Wells Fargo in 2008.
[More: Virtual Attraction: Can broker-dealers still recruit reps and advisers, even during a pandemic?]
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.
