LPL has scored seven with one blow against Osaic, as a handful of advisors switch over in Minnesota.
Working across five independent teams, the seven newest advisors to join LPL’s comprehensive broker-dealer, RIA, and custodial services collectively managed approximately $700 million in assets at Osaic.
With a collective wealth of experience spanning 170 years, the new teams are headquartered in the Minneapolis suburb of Maple Grove, where they have shared office space for more than a decade.
They include: Michael Matheson, Susan Anderson, and Marie Henrichs from M² Financial Group; Amy R. Holewa from Holewa Financial; Jeff Schuler from Schuler Financial Advisor Group; Paul Lyon; and Dan Pias.
Matheson, a veteran registered with Finra for 35 years, praised LPL’s “advisor-centric commitment and their continuous investment in technology and business solutions.”
Beyond the firm’s technology, self-clearing capabilities, and back-office support, he highlighted LPL’s practice acquisition and succession programs.
“By partnering with LPL, … we can grow our businesses and set the next generation of advisors up for success,” Matheson said in a statement.
“We welcome Michael, Susan, Marie, Amy, Jeff, Paul, Dan and their teams to the LPL community and are honored to support the continued collaboration and evolution of each of their respective firms,” said Scott Posner, executive vice president of business development at LPL.
The wealth giant’s latest advisor onboarding comes on the heels of its welcoming Brian Pflaum, an ex-Lincoln advisor from Alabama, who most recently handled $345 million in assets with Lincoln Financial Advisors.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
