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.”
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
