Among this week’s latest advisor moves are new recruits for LPL Financial, Raymond James Financial Services, and Prospera Financial Services.
The partners of Edge Wealth Advisory Group have joined LPL, having managed approximately $200 million in client assets at their previous firm, Raymond James. Father and son duo John Edgecomb and Robb Edgecomb have 65 years of industry experience between them and the firm has offices in Granite Shoals and Gonzales, in the Austin area of Texas.
Heading in the opposite direction, is financial advisor Kirk Huismann, CPA, who joins Raymond James Financial Services from Commonwealth Financial Network, the latest advisor to make that jump since LPL acquired the firm earlier this year.
Huismann managed around $144 million at Commonwealth and operates as Friedline Financial, located in Lee’s Summit, Missouri, along with office manager and client service associate Cindy Kennedy and client service associates Cindy Smith and Michael Pugliese.
RJFS also gains a father-son duo, Thomas Vitaletti and Tommy Vitaletti, who joined Raymond James Financial Institutions Division as part of Towne Wealth Management, located at TowneBank. They will offer their wealth management and investment services through RJFS. The duo were with Old Point National Bank, which was acquired by TowneBank in September and was affiliated with LPL.
Meanwhile, boutique independent broker-dealer Prospera Financial Services has added Behrle Bergin of Irvine, California to its platform. Managing directors Steven Behrle and Joe Bergin previously managed around $200 million with B. Riley Wealth Management.
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.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
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
