LPL, RBC, and Osaic have each claimed recruitment wins early this week, including one West Coast firm that launched with LPL and RBC taking a new foothold in the Nashville, Tennessee area.
In California, LPL said Brandon Dixon-James has launched Resilient Wealth Management in Fresno, joining LPL’s broker-dealer, RIA and custodial platforms.
He brings approximately $250 million in advisory, brokerage and retirement plan assets, according to LPL, and moves over from Osaic.
Dixon-James founded the firm in 2020 and works with clients who are primarily near or in retirement. His team includes operations and client service staff, and the firm emphasizes a high-engagement, personalized wealth planning approach.
Earlier in his career, Dixon-James had several short stints at Prudential, Citigroup, and JPMorgan, according to his BrokerCheck record.
“Our team seeks to redefine financial relationships by fostering an environment where inclusivity, clarity and dedication promote collaborative growth and help enable financial success,” Dixon-James said in a statement Tuesday.
Recently, LPL also extended its reach in the Lone Star state as a Wells Fargo breakaway launched his own independent practice with LPL in Texas.
Meanwhile, RBC Wealth Management has opened a new branch office in Franklin, Tennessee, bringing on two teams with a combined $570 million in client assets from Janney Montgomery Scott.
The MD Wealth Management Group, overseeing $370 million in assets, and the JS Wealth Management Group, with $200 million, both join the Kansas City Complex, which includes the Nashville area. RBC said advisor headcount in the region has grown nearly 50 percent over the past five years.
MD Wealth Management includes financial advisors Brad Dickens and Jason Minor, along with senior associate Colton Wright. The team works with individuals, families and business owners on cross-generational financial planning.
JS Wealth Management, led by advisors Jim Stephens and Jamie Smith, focuses on customized, education-focused planning strategies. Their team also includes Sheala Smith and Ben Davis.
“Our client-first approach to wealth planning, robust capabilities and a culture that offers easy access to management were big draws for these teams,” said complex director Mark Borcherding.
Recently, RBC also enhanced its presence in New York by attracting a $1.1 billion UBS team to its Westchester County office.
In Minnesota, Osaic affiliate True North Advisory Group said financial advisor Matt Kourouma has joined the firm from Edward Jones, bringing $40 million in assets under advisement. Kourouma will operate under Financial Dimension Group, an office of supervisory jurisdiction led by Gregg Anderson.
True North manages $3.3 billion in client assets and supports independent advisors focused on relationship-based planning. Kourouma previously worked as an accountant at CliftonLarsonAllen and Wipfli and played college basketball at North Dakota State University.
“Becoming an independent advisor allows me to fully align my work with my values and the goals of the clients I serve,” Kourouma said in the announcement.
His client base includes small business owners and individuals with complex financial needs. He was introduced to the firm through professional contacts and cited its support model as a key factor in the transition.
The Illinois order refers to Brandon Ellington’s investment program as a “Ponzi-like scheme.”
But the Amazon executive chair seems to want it both ways, arguing that taxing the ultra-wealthy won't help struggling Americans.
Northern Trust planning leader sees the bill extending qualified charitable distributions to employer plans as a potential positive step — but advisors shouldn't overlook bigger holes in the strategy.
Markets will always create reasons for investors to worry. The advisor’s role is not to predict uncertainty, but to help clients understand why volatility should not derail a well-built financial plan.
Plus, Asset-Map partners with Contio to elevate the advisor meeting experience, and MyVest claims an innovation in portfolio management with separately managed models.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
