LPL Financial, the largest broker-dealer for independent contractor reps, continues to hire and recruit financial advisors to its recently launched breakaway broker-focused channel and said Thursday that James Sheehan and Shawn Tighe had joined the firm from Raymond James & Associates Inc.
Sheehan is based in Charleston, South Carolina, while Tighe works in northern New Jersey. They operate as Sheehan Wealth Management and oversee $450 million in client assets, according to a statement from LPL.
LPL's breakaway advisor unit, called LPL Strategic Wealth Services, has hired 82 advisors from 30 teams, many from wirehouses, since it launched in 2020, according to the company. Strategic Wealth Services financial advisors have $14.3 billion in client assets, according to the company.
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