FiNet is the independent broker-dealer arm of Wells Fargo Advisors.
Western International Securities was acquired by LPL this year.
The firms are extending their footprints with new recruitment moves in Arizona, Massachusetts, and Florida.
While RayJay boosts its presence in Utah with its latest employee advisor additions, LPL is strengthening its ranks in the Northeast.
“Private credit and infrastructure remain attractive," LPL said.
David Underwood sold unregistered Heartland fund securities to 20 clients, including his wife, according to the SEC.
“Professional conduct is one of those key issues a board has a responsibility to measuring and understanding,” one senior industry executive said.
LPL's former CEO Dan Arnold this summer said it was parting ways with two large hybrids.
The firm's first-ever financial advisor in New York City, Stu Berrin brings over 30 years of industry experience to his new role as managing director and partner.
The newest additions to the broker-dealer giant's network previously managed a collective $750 million in client assets at their former firms.
"The company has reached new highs by every measure under his leadership,” one recruiter said.
“This is progress for GPB investors and their financial advisors," said one senior brokerage executive.
After a years-long period of growth, the Arizona-based boomerang advisor based in Arizona is "coming home" to the broker-dealer giant.
A veteran of Paypal, the broker-dealer giant's latest executive appointment brings a track record of building industry-leading security solutions.
Ages Financial Services had about 60 financial advisors registered under its roof.
The broker-dealer behemoth extends its footprint further in Florida as it adds the former wirehouse group, including a father-son duo, to its employee advisor division.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
“After learning about a bad actor who is barred, the securities industry should have a responsibility to put clients on notice,” one lawyer said.
The firm has welcomed additions from UBS, Baird, and other firms while establishing a new base for its Midwestern expansion.
The broker-dealer's latest addition, a 24-year veteran based in Missouri, is leveraging the firm's RIA Blueprint platform.
