LPL Financial said Tuesday that Eric Gallinger, an advisor who managed $300 million in assets at Merrill Lynch, is joining LPL by affiliating with Stratos Wealth Partners, an LPL firm.
Gallinger, an Irvine, California-based advisor, had been affiliated with Merrill Lynch since 2013 and has 12 years of experience, according to his BrokerCheck report.
In a statement, Gallinger said he provides clients with “real-world strategies."
“We review for excessive risk and opportunities and adjust portfolios at the margins as we seek to preserve principal,” he said. “We strongly advise against undue risk. We never want the client to have to make the same money twice.”
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.