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.

Latest News

Why the off-channel comms problem is far from solved
Why the off-channel comms problem is far from solved

Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."

FINRA penalizes another broker dealer for social media miscues
FINRA penalizes another broker dealer for social media miscues

FINRA has been focused on firms and their use of social media for several years.

Advisor moves: LPL recruits Merrill alum, Raymond James adds defectors from Edward Jones and Janney
Advisor moves: LPL recruits Merrill alum, Raymond James adds defectors from Edward Jones and Janney

RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.

Cantor Fitzgerald to acquire hedge fund unit from UBS
Cantor Fitzgerald to acquire hedge fund unit from UBS

The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.

Navigating life’s big transitions for women clients
Navigating life’s big transitions for women clients

Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.