Two advisor moves this week highlight how recruiting momentum continues to run in both directions between major wealth management firms, with one team leaving LPL Financial to launch an independent firm with Osaic while another advisory group departs Osaic to join LPL.
Osaic announced that Tim and Mitch Meyers have launched Meyers Wealth Management Group, an independent advisory firm based in Wenatchee, Washington. The family-led practice is transitioning approximately $285 million in client assets from LPL Financial.
Meyers Wealth primarily serves high-net-worth clients and operates through a predominantly fee-based model. The launch reflects the team’s goal of building a distinct independent identity while maintaining long-standing client relationships within their local community.
“Creating Meyers Wealth Management Group allows us to define our own path while continuing to put our clients first,” said Tim Meyers, co-owner of Meyers Wealth Management Group.
The Meyers team cited greater autonomy, updated technology and hands-on transition support as key reasons for the move.
“For us, independence is about more than ownership — it’s about building something meaningful for the future,” said Mitch Meyers, co-owner of Meyers Wealth Management Group.
Osaic executives said the move aligns with the firm’s focus on supporting entrepreneurial advisors.
“Meyers Wealth represents exactly the kind of entrepreneurial, client-focused firm we are proud to support in serving their clients their way,” said John DiMonda, co-head of advisor engagement at Osaic.
Meanwhile, LPL Financial said Wealth Innovations, LLC has joined its broker-dealer and RIA platform from Osaic, bringing approximately $200 million in advisory, brokerage and retirement plan assets.
Wealth Innovations is based in Richmond, Virginia, and is led by Jim LaNeave alongside Marian Crawford, CFP, and Samuel LaNeave. The firm focuses primarily on individuals nearing or in retirement and emphasizes a planning approach centered on helping clients feel confident and informed.
“Our goal is to provide clients with confidence and clarity,” said Crawford. “We take the time to understand every aspect of their lives, not just their finances, and craft plans that allow them to enjoy retirement without worry. We want clients to feel informed and never pressured — our focus is on delivering value through personalized planning and education.”
LPL said the team was attracted by its integrated technology platform and the ability to streamline operations within a single ecosystem.
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