LPL and UBS each made big splashes in advisor recruitment this week, with LPL reeling in a planning team that oversaw $1.5 billion at MassMutual while UBS notched a billon dollar-plus addition of its own.
Spectrum Wealth Strategies, a Dallas-based practice with additional offices in Waco, Texas, and Wilmington, N.C., has joined LPL's broker-dealer and RIA platform.
The team reported serving approximately $1.5 billion in advisory, brokerage, and retirement plan assets prior to the move, joining from MassMutual.
The practice is led by financial advisors Jonathan Bomar, Randy Black, Truman Blocker, Landon Vaughan, Weston Poulos, Billy Geiler, Jeff Cummins, and Jaime Galvan, and includes associate advisors Stephen Luna and Matthew Galvan.
Blocker, Galvan, and Cummins each bring more than 20 years of industry experience. Black has been in the business nearly 20 years, while Bomar just crossed the decade mark.
According to a Tuesday announcement, Spectrum serves high-earning individuals and families focused on long-term financial planning, operating through a collaborative model in which the team meets regularly to align on strategy and share expertise across a broad range of client needs.
"Our goal is to meet clients where they are and help guide them to where they want to go," said Bomar. "We build comprehensive financial plans that evolve alongside our clients, with a focus on long-term partnership and helping them make informed decisions throughout life."
The team cited LPL's independence, research depth, and back-office infrastructure as the deciding factors. "The move to LPL allows us greater independence and access to more robust solutions for our clients," Bomar said, highlighting the ability "to grow our business while continuing to provide personalized service."
"Our core competency is delivering financial planning for life – supporting clients through every stage and helping them stay on track toward their goals," Blocker added.
Spectrum represents just the latest entry in the record of nine-figure additions at LPL, which this month also included a $2 billion team formerly with PNC Private Bank.
UBS Wealth Management announced that financial advisor Adam Conish has joined the firm in Philadelphia, bringing approximately $1.2 billion in assets under management.
Conish joins the UBS Mid-Atlantic Market, led by Market Executive Brendan Graham, and reports to Patricia Cashin, senior market director for the Greater Philadelphia area.
Conish spent the past 20 years at Glenmede, the Philadelphia-based wealth and investment management firm, where he served as director of Endowment & Foundation Management and co-founded the firm's outsourced chief investment officer (OCIO) program. He was also a member of senior leadership at Glenmede, and previously held roles at Schlarbaum Capital Management and Van der Moolen Options.
Cashin called the hire a targeted push into the institutional and nonprofit space.
"Adam is an extremely talented financial advisor with decades of experience and a unique focus on advising foundations, endowments and non-profit organizations," she said in a statement. "We are continuing to invest in our talent, and grow our capabilities, to provide even more services and offerings to meet the complex financial needs of our clients."
Graham framed the addition in terms of UBS's regional ambitions. "Our world class wealth management platform is built on cutting edge resources and productive advisors like Adam," he said. "We look forward to supporting him in this important and growing region."
The Conish hire comes as UBS has worked to stabilize its US advisor headcount after a swarm of departures led to it becoming a significant loss leader in the 2025 advisor recruitment race.
UBS has been pushing for a turnaround in its US wealth business following advisor attrition in 2025, including adjustments to its compensation grid and the securing of a national bank license earlier this year.
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