A family advisory legacy in Tulsa, Oklahoma is entering its next chapter as brothers John and Brian Bizjack move their practice to LPL Financial's broker-dealer and RIA platform, aligning with Ascendus Financial Advisors.
The pair of breakaways from Morgan Stanley reported managing roughly $145 million across advisory, brokerage and retirement plan accounts and continue the path of their father, Paul Bizjack, who spent four decades as a financial advisor.
Their clientele spans retirees and near-retirees alongside younger clients just starting to build savings, many of whom the brothers have served across multiple generations of the same families. The move followed a thorough vetting process, with the brothers ultimately choosing LPL and Ascendus for a platform they felt would support both their advisory work and their clients' experience.
LPL chief growth officer Marc Cohen pointed to the family's community ties and its approach to client education as reasons the firm is glad to have the brothers on board. "Their family-owned practice, deep community roots, and commitment to educating clients reflect the kind of relationship-driven business we're proud to support," Cohen said.
Meanwhile, in Idaho Falls, Idaho, private wealth advisor Kevin King has left Edward Jones for the independent channel of Ameriprise Financial, with roughly $160 million in client assets.
King said he wasn't actively searching for a new home but changed course once he examined what Ameriprise offered. "I'm consistently focused on doing what's best for my clients," he said. "Once I saw what Ameriprise has to offer and how they continually invest in improving the client experience, it became an easy decision to move so I can deliver an even higher level of service."
He pointed to three factors behind the switch: an easier client experience through the firm's technology, deeper financial planning resources, and stronger capabilities for high-net-worth clients.
King's practice is supported locally by Ameriprise franchise field vice president David Call and regional vice president Marcus Ranger. Ameriprise has added approximately 1,700 advisors over the past five years.
New TIAA Institute research finds professional guidance narrows the gap between retirement dreams and reality.
Annual benchmark climbs 7.5% as advisors lean on HSAs to help clients close the gap.
New research series maps four possible futures as AI reshapes how capital markets function.
Boomers turn to advisors most for investing help as knowledge gaps persist across generations.
Envestnet Wealth Trading replaces legacy FolioDynamix tools with a unified platform built for portfolio-wide rebalancing
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
