Kestra affiliate Coastline Wealth Management, Raymond James and LPL have each announced new additions to their advisor ranks, with Coastline reaching a new billion-dollar milestone from its latest moves.
Coastline Wealth Management recently announced the addition of three advisor teams, bringing more than $430 million in assets under management and over 1,000 client relationships to its national platform.
The new teams are led by Kelly Burke, a 29-year industry veteran, in Florida and North Carolina; Susan Cevette, a Minnesota-based advisor with a 20-year BrokerCheck record; and Julie Wendholt, who joined Coastline from Ameriprise in New York.
Burke, Cevette, and Wendholdt's additions expand Coastline’s reach to households across 15 states, with more than $4.3 billion in client assets.
“Partnering with them allows us to elevate everything we do for our clients – without compromising what matters most,” Burke – who leads his practice, Integrated Financial Strategies, as managing partner – said of Coastline.
“They each bring a reputation for integrity, longevity, and client loyalty that reflects our core values as a firm,” added Coastline founder and CEO Garrett Taylor.
Raymond James also reported a new addition to its independent advisor channel, Raymond James Financial Services, welcoming Jonathan Stanley from Edward Jones. He previously managed about $140 million in client assets
Stanley is the president of Legacy Capital Group in Myrtle Beach, South Carolina, where he is joined by senior client service associate Michelle Haas and client service associates Anna Stanley and Kira Hamilton.
He focuses on serving pre-retirees, retirees, business owners and corporate clients, with an emphasis on building long-term, multigenerational relationships.
Earlier this month, RJFS scored a substantial recruiting win in New York, snagging seven advisors who previously managed $1.1 billion from Ameriprise.
In Minnesota, LPL announced that ProsperLane Financial, led by mother and son team Sheri Johnston and Jason Hotzler, has joined its broker-dealer and RIA platforms.
The team, based near Minneapolis, reported serving around $250 million in advisory, brokerage and retirement plan assets. Johnston and Hotzler bring over 25 years of experience and focus on young professionals, small businesses and family-run firms.
“Our client philosophy is simple. We stand by our values of personalized customer service, quality products, reasonable expenses and always doing what is best for the client,” Hotzler said in a statement Wednesday.
“We connect well with other family business clients, because it just speaks to where we’ve come from and what we’ve been doing for generations,” Hotzler added.
LPL's partnership with ProsperLane Financial comes on the heels of another win in Wyoming, where the giant broker-dealer welcomed a pair of experienced advisors from Wells Fargo to the Linsco division within its employee advisor channel.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
