Two hybrids based in Southeastern Michigan, Baldwin Capital Management of Northville and Langdon Capital Management of Clarkston, have switched affiliations from Voya Financial Advisors to LPL Financial. The two firms work as partners and manage $350 million.
They will use LPL’s broker-dealer and corporate registered investment adviser platforms and employ LPL as custodian.
Advisers Scott Baldwin, Bill Langdon, Todd Sander and Andrew Baldwin specialize in 401(k) plans, and have morphed their business into a wealth management practice focused heavily on financial education and retirement coaching.
Plus, a $400 million Commonwealth team departs to launch an independent family-run RIA in the East Bay area.
The collaboration will focus initially on strategies within collective investment trusts in DC plans, with plans to expand to other retirement-focused private investment solutions.
“I respectfully request that all recruiters for other BDs discontinue their efforts to contact me," writes Thomas Bartholomew.
Wealth tech veteran Aaron Klein speaks out against the "misery" of client meetings, why advisors' communication skills don't always help, and AI's potential to make bad meetings "100 times better."
The proposed $120 million settlement would close the book on a legal challenge alleging the Wall Street banks failed to disclose crucial conflicts of interest to investors.
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.
