LPL Financial announced Wednesday that it has recruited a team of advisers in Ohio, River Cities Financial Services, who were formerly registered with Cetera Advisors.
River Cities Financial Services is led by Michael Anthony and has $350 million in advisory, brokerage and retirement plan assets, according to a statement from LPL.
Also moving to LPL are River Cities Financial's founders Leslie Futrell and Rick Walters, as well as fellow advisers Stacey Brooks and Keith Thieman. They are assisted by an office support staff with four long-tenured members.
Futrell, Walters and Brooks had been registered with Cetera Advisors since 2004, while Anthony had been registered at the firm since 2015 and Thieman since 2014, according to BrokerCheck.
River Cities Financial is affiliating with a large LPL branch, JFC Advisor Network, as part of its move.
Deal adds investment platform implementation expertise as F2 builds out North American reach.
AI-driven job fears are weighing on retirement confidence, especially among Gen Z and Millennials, Thrivent survey finds
It’s the second time in as many years regulators have penalized Centaurus Financial for lack of compliance with Reg BI.
AI Teammate is embedded within Wells Fargo’s Advisor Gateway desktop platform.
Elsewhere, Ameriprise added a $470 million Wells team in New York, while an ex-Morgan Stanley advisor bolsters UBS' Austin, Texas office.
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
