LPL Financial and Raymond James both announced new advisor hires this week, adding more than $300 million in combined client assets as competition for experienced talent remains intense.
LPL said it has onboarded Emerald Legacy Advisors, a team managing approximately $140 million in advisory, brokerage and retirement plan assets, previously with Wells Fargo Advisors.
The practice is led by managing partners Jim McMurtry, CFP, and Allie Konieczka who is the daughter of McMurtry’s retired longtime business partner, Colleen Konieczka, alongside McMurtry’s own daughter, Michelle Reek.
The team’s structure highlights a multi-generational succession strategy, with leadership spanning family and longstanding professional relationships as it positions for continued growth. It officially rebranded to Emerald Legacy Advisors in January 2024, reflecting the firm’s intergenerational roots and long-term vision.
LPL said the advisors were drawn to its integrated platform and flexibility as they look to expand their planning capabilities and better serve clients over the long term.
Separately, Raymond James announced it has recruited advisor Russell Karpf, who manages approximately $181 million in client assets with his firm RPK Wealth Group, based in Ridgefield, Connecticut.
Karpf joins Raymond James Financial Services, the firm’s independent advisor channel, after more than six years with LPL among more than 25 years of industry experience. He has a focus on financial planning and retirement income strategies for individuals, families and business owners. He is joined by client relationship consultant Teresa Considine.
The addition strengthens Raymond James’ presence in the Northeast as it continues to target established advisors seeking independence while maintaining access to a full-service platform.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
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