Niklas Financial, a hybrid advisory firm with $400 million in assets, is joining LPL Financial’s broker-dealer, registered investment adviser and custodial platforms from Securities America, which is a unit of Advisor Group.
Jefferson City, Mo.-based Niklas will align with JFC Financial Services, which moved to LPL from Securities America last month.
Kenny Niklas, president of Niklas Financial, founded the firm in 1979 with his father and brother, who have retired. The firm includes his son, Brandon Niklas, as well as advisers Jerry Christian and Aaron Smith, office manager John Anderson, administrative staff and eight remote financial advisers.
[More: Virtual Attraction: Can broker-dealers still recruit reps and advisers, even during a pandemic?]
Britt is named CFO of Wipfli, a $600 million accounting firm that audits two NFL franchises
The acquisition pairs Zephyr's 21,000-product separately managed account database with Y Charts' newly launched AI agent assistant for investment research.
The war for talent continues in the Sunshine State with as Truist and RayJay teams managing a collective $1 billion in client assets defect to other firms.
Americans now estimate they need $1.2 million to retire comfortably, but rising costs and debt are making that goal increasingly difficult to reach.
Crewe Advisors' Ryan Halliday and Accelerated Wealth Partners' Eric Amar suggest mega RIA's readiness to integrate — not just scale — will determine whether an IPO exit actually works.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
