A Kentucky team that managed approximately $230 million in client and retirement plan assets at Royal Alliance has affiliated with LPL Financial, the firm announced Thursday.
Adam Legate, whose Lexington-based firm is VFG Wealth Management and Benefit Solutions, had been affiliated with Royal Alliance, a unit of Advisor Group, since 2017 and prior to that worked at Ameritas, according to his BrokerCheck report.
The team includes advisors Jason Young and Kevin Kitchin, and administrative assistant Susan Lowe.
VFG Wealth Management works with both individuals and small businesses on their wealth management, retirement income strategies and asset preservation needs.
In a statement, Legate emphasized the firm's “client-centered approach,” which he said led to the move to LPL.
“This business changes every day, and if you’re not changing with it you’re going to get left behind,” he said in the statement. “By partnering with LPL, we can ensure that our business is prepared to meet the evolving needs of our clients for years to come.”
Legate plans to use the company’s technology and integrated capabilities to enhance his clients’ experience. "From the service to the technology, everything is streamlined and simple to use,” Legate said.
LPL works with more than 21,000 financial advisors and brokers.
Choice anxiety, prestige bias, and the temptation to make selections based on outsourced confidence are just some of the parallels between investing and the world of wine tasting.
Regulators found Bank of America's monitoring software had a known flaw Merrill left uncorrected for years.
While AI has become a go-to research tool for affluent investors, new HSBC research suggests human advisors remain the deciding voice when investment decisions are made.
A 5-4 ruling preserves the Federal Reserve's independence for now, but the legal fight over presidential removal power is far from settled.
For years, large firms have been facing penalties and questions from regulators over interest rates for clients’ cash accounts.
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
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
