More advisors have made the decision to switch firms, adding new faces to the line-ups at LPL Financial, Osaic, and Raymond James.
Chloey Wealth is a new independent firm bringing together the expertise of two female advisors in a new addition to LPL Financial’s broker-dealer and RIA platform with a combined AUM of approximately $140 million.
Jenna Vitosh is one half of Lincoln, Nebraska based Chloey Wealth and was previously with Edward Jones, while Natalia Paige was previously with New York Life. The two met at a networking event and while Vitosh is a second generation advisor, Paige has transitioned from a medical career.
“We focus on the psychological aspects of money and why people may hesitate to discuss financial matters,” said Paige. “It starts with building trust and sharing this type of personal information with confidence. Our goal is to understand our clients’ financial background and overcome past issues, enabling comfortable discussions about financial planning. We address all areas of financial planning, not just one specific area.”
LPL has also lost a female advisor this week as Randee Cook, CFP, shifts her firm to Undefined Gridlines Inc., an office of supervisory jurisdiction under Osaic.
Osaic recently acquired two advisor teams from LPL in North Carolina.
Cook is president of Strategic Financial Management, based in Greeley, Colorado, and makes the move after 35 years with LPL.
“As I look toward the future, I want to ensure that my clients are set up for a successful retirement as I begin to prepare for my own,” she said.
At Raymond James there’s its second double recruitment announcement of the week, with one advisor joining its employee channel and one opting for its independent advisor network.
John Caracappa, AAMS® is a wirehouse breakaway, joining Raymond James & Associates from Morgan Stanley where he managed approximately $176 million in client assets and spent 16 of his 32 years in the industry so far.
Along with senior registered client service associate Margaret Sweeney, Caracappa’s practice is based in Tinton Falls, New Jersey, under the name Cogent Wealth Management of Raymond James.
Meanwhile, at Raymond James Financial Services, financial advisors Charlene Dolan, CFP®, AIF®, Danielle Holmes, CRPC®, AIF®, and John MacDonald, ChFC®, AIF® jump ship from Commonwealth Financial Network where they managed more than $120 million in client assets.
As Linden Financial Group they join Raymond James’ independent advisor channel in Amesbury, Massachusetts.
Federal prosecutors say the scheme used fake investment accounts and a fictitious financial advisor to lure victims into romance-fueled fraud.
Morgan Stanley sought to claw back recruiting bonus money from Darryl Cohen.
Referrals from centers of influence may open the door, but the real key to success for advisors comes from clarity about their ideal clients and where they want to show up.
Three advisor groups overseeing more than $700M in combined client assets head to new firms.
New research finds most Americans fear a US retirement crisis, while skepticism grows toward AI financial advice and crypto in retirement plans.
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
