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.
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
