LPL Financial said Monday that Legacy Financial Group, an Albuquerque, New Mexico-based firm overseeing $225 million in assets, has joined LPL’s broker-dealer and RIA from Voya Financial Advisors.
Legacy Financial Group was started in 1995 by Cris Giron and Eddie Fernandez, who wanted to educate people about money and investments and help them become better off financially.
The team now includes three additional advisors, Mario Torres, Antavius Greathouse and Bill Niemeier, as well as six staffers.
“As a Financial Planner, it was important for us to align ourselves with a company that focuses on fiduciary status in how they operate while maintaining our independence,” Fernandez said in a statement.
A new SIFMA and KPMG study of more than 2,100 US investors finds satisfaction high, AI-only trust falling, and demand for human guidance growing across every generation.
Retail banks and private wealth firms scored 40 in Fitch's AI stress test, signaling possible one-notch downgrade risk under an adverse scenario.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
