Winston Wealth Advisors, a hybrid managing $300 million with offices in Lubbock and Dallas, Texas, has switched its broker-dealer affiliation and registered investment adviser platform to LPL.
The firm joins from Securities America, which is part of the Advisor Group network of broker-dealers, and it is the second team in a week making the same affiliation change.
Last Thursday, JFC Financial Services, with 100 advisers and a reported $3 billion in assets, completed its move to LPL. The firm's CEO described Advisor Group's private-equity ownership as "a big negative."
David Winston founded his company 25 years ago and has since purchased two practices from retiring advisers. The business includes financial professionals Dianna Dunlap, Ashley Hougland, Tara Kincaid and Jacob Winston, David’s son. Cassie Hererra provides client support.
The acquisition pairs Zephyr's 21,000-product separately managed account database with Y Charts' newly launched AI agent assistant for investment research.
The war for talent continues in the Sunshine State with as Truist and RayJay teams managing a collective $1 billion in client assets defect to other firms.
Americans now estimate they need $1.2 million to retire comfortably, but rising costs and debt are making that goal increasingly difficult to reach.
Crewe Advisors' Ryan Halliday and Accelerated Wealth Partners' Eric Amar suggest mega RIA's readiness to integrate — not just scale — will determine whether an IPO exit actually works.
Morgan Stanley was co-lead underwriter for SPCX, reportedly generating $100 million in investment banking fees.
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
