LPL recruits $800 million advisory business from Signator

LPL Financial has recruited Seattle First Asset Management from Signator Investors. Seattle First, which has $800 million worth of brokerage and advisory assets, was founded in 2012 by Steven Jones, who stated that the transition to LPL is designed to take advantage of the technology, resources and support from the nation's larger independent broker-dealer. Joining along with Mr. Jones is operations manager Loren McEwan, who holds Finra Series 7 and 66 licenses. In a prepared statement, Mr. Jones said his wealth management practice is uniquely focused on value investing and "we typically own what we recommend." LPL, which added 125 advisers during the quarter ending Sept. 30 along with $9.1 billion worth of recruited assets, reported a total adviser headcount at quarter-end of 16,174.