Cornerstone Financial Planning, a hybrid firm that's based in Fort Myers, Florida, and manages $160 million, has changed its broker-dealer affiliation and registered investment adviser platform to LPL Financial from Securities Service Network, which is part of Advisor Group.
Cornerstone is led by Ed Bell III and Gretchen Collins, who are siblings.
The firm was founded by Bell and his late father in 2001. Collins joined her brother at the firm from Wells Fargo Advisors in 2017.
Plus, a $400 million Commonwealth team departs to launch an independent family-run RIA in the East Bay area.
“I respectfully request that all recruiters for other BDs discontinue their efforts to contact me," writes Thomas Bartholomew.
The collaboration will focus initially on strategies within collective investment trusts in DC plans, with plans to expand to other retirement-focused private investment solutions.
Wealth tech veteran Aaron Klein speaks out against the "misery" of client meetings, why advisors' communication skills don't always help, and AI's potential to make bad meetings "100 times better."
The proposed $120 million settlement would close the book on a legal challenge alleging the Wall Street banks failed to disclose crucial conflicts of interest to investors.
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.
