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.”
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
