LPL snags team managing $610 million from Raymond James

LPL snags team managing $610 million from Raymond James
The move marks at least the second adviser to switch from Raymond James to LPL in as many months
MAR 02, 2020
Global Advisor Group, which managed $610 million in brokerage and advisory assets at Raymond James, has switched to LPL Financial’s broker-dealer and registered investment adviser platforms. The move marks at least the second advisory team to switch from Raymond James to LPL in as many months. [More:​ See more adviser moves in InvestmentNews’ Advisers on the Move database.] Founded by James Barnette in 1999, when he affiliated with Raymond James, Global Advisor Group serves individual and institutional clients in all 50 states and 106 countries. The 22-member team includes 14 financial advisers and is based in Reston, Va., outside Washington. The independent firm will use Private Advisor Group as its office of supervisory jurisdiction.

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