The momentum in advisor recruitment continues with more moves at LPL Financial, Raymond James, and Wells Fargo this week, featuring a father-son duo joining LPL and a trio of additions at RayJay.
In Virginia, LPL announced on Thursday that it has welcomed Loomis Wealth Management, a team led by William “Bill” Curtis Loomis III, his son William Curtis “Curt” Loomis IV, and advisor Justin Hitt. The Harrisonburg-based group, which manages approximately $180 million in assets, made the move from L.M. Kohn & Company.
Founded in 2010 by the elder Loomis and his son, the team brings six decades of combined industry experience and a longstanding presence in the Shenandoah Valley. Hitt, a former educator who transitioned to financial services in 2023, rounds out the group.
“We take the time to get to know our clients, their lifestyle, their family and their financial aspirations,” Curt Loomis said in a statement on Thursday. “Our personal service does more than just build bonds; it gives us a greater sense of how to work for our clients.”
LPL's addition in Virginia comes on the heels of another move in San Diego, where a $330 million team from RBC broke away to join LPL's Strategic Wealth platform.
Meanwhile, Raymond James added three advisory teams across its independent and institutional channels, accounting for more than $465 million in assets.
In McMinnville, Tennessee, advisor Andy Knowles joined the firm’s independent advisor channel, launching Knowles Private Wealth with support from associates Haile Love and Alex Guthrie. Previously affiliated with LPL Financial and First National Bank of Middle Tennessee, Knowles brings more than 10 years of experience and oversees around $175 million in assets.
Raymond James also onboarded advisor Ryan Wentworth of Wentworth Financial Group in Severna Park, Maryland. Wentworth previously managed $190 million in client assets at Merrill Lynch and is joined by senior relationship manager Donald Kellerman. In addition to over a dozen years in the industry, Wentworth was named to the Forbes Top Next-Generation Wealth Advisors Best-in-State list for 2024.
In Texas, Raymond James’ Financial Institutions Division supported the launch of 1880 Advisors at First Bank Texas, bringing on financial advisor Kostas Luecker to lead the new initiative in Willow Park. Luecker, who most recently served at LPL, oversees approximately $100 million and is supported by client services associate Julie Hogan. He has worked at several firms during his 16-year career, including UBS and Wells Fargo.
“We are proud to support First Bank Texas and the launch of 1880 Advisors by welcoming an advisor of Kostas’ caliber,” said Jon DeMayo, vice president of business development at FID.
Raymond James' FID recently scored a major win against LPL as it secured a $2.7 billion book of business from Trustmark National Bank.
Separately, Wells Fargo said on Wednesday that it has added veteran advisor Lorraine Calcote to its bank channel in Las Vegas. She manages in excess of $204 million in assets. Her trailing 12-month production exceeds $1 million.
Calcote, who brings more than 25 years of experience, joined Wells Fargo following a nearly 10-year stint at JPMorgan, according to her BrokerCheck profile. Previous to that, she was affiliated with LPL for 10 years, and had a two-year stint at Ameriprise.
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