In a busy week for advisor moves, Osaic, Raymond James, and Kestra PWS have all picked up new recruits.
Meanwhile, a duo who were wirehouse breakaways a decade ago and have been collectively managing $1 billion in client assets, have launched a new firm to further deepen their independence.
At Osaic, Simplified Wealth Management has joined from LPL Financial, led by co-founder and managing partner Kenichi Igarashi, and co-founder and executive vice president Aaron Johnson. Simplified is based in Corona, California, and the team collectively managing $315 million in client assets also includes advisors Cory Leckie and Joshua Mason.
The move from LPL to Osaic has also recently been made by $275 million AUM family firm Providence Wealth in Southern California, although a $175 million team also made the reverse journey in Mississippi.
Joining Raymond James & Associates in Stuart, Florida, is advisor duo Martin “Marty” Sloane, CFP, and Thomas “Tom” Sloane, along with senior registered client service associate Deborah Vincent.
The team joins Raymond James’ employee advisor channel from UBS where they managed approximately $320 million in client assets. Marty Sloane, who is Tom’s father, started his career 41 years ago at UBS and his son joined the firm two years ago.
Raymond James has recently seen a flow of advisor teams joining its independent advisors channel including several big-money teams from Commonwealth.
At Kestra Private Wealth Services affiliate Kindred Wealth Partners, $185 million AUM advisor Tim Semke, CFP, has joined with more than 25 years of industry experience.
Most recently he was with The Ayco Company LP (now Goldman Sachs Ayco) as vice president of financial counseling. Before his 22 years with Ayco, Semke was with Federated Investors as a mutual fund tax analyst, and he began his career at Arthur Andersen’s SALT consulting group.
He joins the community of independent financial professionals with Pennsylvania based Kindred.
Former Merrill Lynch breakaways Charles Andriole and Robert DeLucca have decided to deepen their independence journey, 10 years after they left the wirehouse.
Having spend the last decade as The Andriole Group at Hightower, collectively managing $1 billion in client assets, the duo has founded Granite Islands Private Wealth, LLC, as an independent advisory firm.
Supported by tru Independence, the firm is headquartered in Guilford, Connecticut, but has clients across the US and beyond, and the founders are joined by Michele Arsenault as operations manager and Lorenzo P. Gaudioso CFP, C(k)P, CRPS as wealth advisor, retirement plan advisor.
Salespeople at the firm often went beyond the matching algorithm to recommend network advisors on its Zoe Wealth platform, according to the regulator.
The Protect College Sports Act would cap school payments and codify NIL rights, with implications for advisors guiding young athletes.
"I know the number that I want to be able to retire on, and now I just want out," says Wilmington Trust's Marguerite Weese, describing a common refrain among business-owner clients.
Bessemer and Brown Brothers Harriman veteran Robert Ludricks III and private markets specialist Olof Akesson join the ultra-high-net-worth push on the East Coast.
765 investors were promised 260% annual returns on truck leases
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
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
