LPL Financial announced Monday that David Dobrusin, an Arizona-based advisor managing $200 million in assets, is shifting to LPL from Cambridge Investment Research.
Dobrusin is both a CPA and a certified financial planner and had started an accounting firm before becoming an advisor. He has 12 years of experience, according to his BrokerCheck report.
“It is critical to discuss complex tax and investment strategies clearly and in a manner that resonates with our clients to help them navigate markets and these current financial times,” Dobrusin said in a statement. “LPL has the size and scale to enable us access to world-class resources along with integrated resources and alternatives for our clients, while also maintaining their freedom of choice.”
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
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