LPL Financial said Thursday it had recruited two former Edward Jones veteran financial advisors, Todd Rosel and Larry D. Smith, with $310 million in client assets.
Based in Lexington, Tennessee, the pair will combine their practices to form a new firm, Integrity Wealth Advisor Group. The team includes staffers Sheree Brown and Paige Griggs.
Both Rosel and Smith moved their securities registration and licenses to LPL last month; Rosel had worked at Edward Jones since 2007 and Smith since 2011.
An Edward Jones spokesperson declined to comment.
"Everything we do revolves around helping people organize their wealth, make smart financial decisions and work toward their goals," Rosel said in a statement.
LPL works with more than 21,000 financial advisors and brokers across its various service models.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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