LPL adds to its team in Michigan

Two advisers, who together managed about $4.38 billion, join from NorthStar Financial Partners.
DEC 19, 2013
LPL Financial is adding two Detroit-area advisers to its broker-dealer and adviser-custodial platforms. Kelley F. Snook Jr., a retirement plan adviser who managed $4.3 billion in assets, and Paul Housey, who managed $78 million, have signed on with LPL, the largest independent broker-dealer said in a statement Tuesday. The advisers are based in Troy, Mich., an upscale Detroit suburb. Mr. Snook’s Straightline Consulting Group focuses on corporate 401(k) plans and 403(b) plans for colleges and universities around the country. Mr. Housey’s Flipside Consulting provides financial planning for clients with more than $1 million to invest. Both advisers were previously affiliated with NorthStar Financial Partners Inc., which did not respond to a request for comment.

Latest News

Texas man says SEC and fund could make him pay twice
Texas man says SEC and fund could make him pay twice

A $141M judgment and a federal asset freeze collide over one shrinking pool

Osaic executives Kristy Britt and Greg Cornick to leave
Osaic executives Kristy Britt and Greg Cornick to leave

The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.

Estate planning becomes a client retention issue for financial advisors, survey finds
Estate planning becomes a client retention issue for financial advisors, survey finds

Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.

Candidly adds AI agents for Trump Accounts, workplace benefits
Candidly adds AI agents for Trump Accounts, workplace benefits

CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.

BMO adds three advisors in Dallas amid Y'all Street wealth boom
BMO adds three advisors in Dallas amid Y'all Street wealth boom

The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.

SPONSORED Who builds the income when the pension disappears?

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

SPONSORED Why direct indexing stopped being optional

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.