Financial House, a six-adviser group based in Centreville, Delaware, that manages $650 million, has switched affiliations from Lincoln Financial to LPL Financial.
The firm was established more than 30 years ago, and its second generation of owner-advisers consists of Joseph Biloon, Robert Griesemer and Emily Woodson, LPL Financial said in a press release Monday.
Also on the team are advisers Joseph Blair, Leo Strine and Gary Ulrich Jr., along with several planning associates and office support team members.
The firm said the move to LPL will open up more opportunities for the team to recruit new advisers and also grow the practice inorganically, with access to a larger pool of retiring advisers looking to sell part or all of their business.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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