A quartet of Edward Jones financial advisors based in southern Wisconsin last week joined LPL Financial to launch a new independent office, the firm announced Monday.
The four advisors — Isaac J. Hart, Robert Entwistle Jr., Matthew L Malvitz and Sam Asani — are based in Elkhorn, Wisconsin and their practice is called Omnia Wealth Group. They control $400 million in client assets.
"We all run similar practices, share the same client-centric values and appreciate the family-oriented Midwestern culture, so it made sense for us to come together under one umbrella," Entwistle said in a statement.
A spokesperson for Edward Jones on Monday morning did not immediately return a call to comment about the four advisors leaving.
According to their BrokerCheck profiles, each was registered with LPL starting last Tuesday.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
A new PitchBook analysis unpacks sticking points relating to liquidity, costs, and litigation risk for would-be investors and plan sponsors.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
The collaboration will give RIAs yet another access point into the alternatives space through a new unified managed account capability.
A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to DeVoe & Company.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
