LPL Financial said two advisers who had managed $280 million in assets at Wells Fargo Advisors have launched an independent firm and affiliated with LPL via its Strategic Wealth Services platform.
Richard DeYoung and Jessica Boehm opened their firm, Highland Wealth Partners, in The Woodlands, Texas. They were joined in the move by staff members Debbie Gregori and Cindy Binn.
DeYoung had been affiliated with Wells Fargo since 2009, according to his BrokerCheck report, and Boehm had been with Wells Fargo since 2017.
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
