A pair of advisors who oversaw $200 million at Securities America, which is part of Advisor Group, has affiliated with LPL Financial, the firm said Wednesday, and will use its broker-dealer, RIA and custodial platforms.
Stephen Walker and Wes Alston founded Walker Alston Financial Group in San Antonio in 2017. Two staffers join them in the move to LPL.
“Given the market volatility and current environment, we decided it was time to find a new partner at a larger firm to provide clients with a better foothold,” Alston said in the statement.
With the move to LPL, “our clients will have enhanced technology and easy access to their account information, all incorporated into one easy to use system,” he added.
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.