Gateway Financial Partners, a large office of supervisory jurisdiction that's affiliated with LPL Financial, has acquired another LPL super OSJ, Advisors’ Pride. Terms of the acquisition were not disclosed.
Gateway, based in Glastonbury, Connecticut, and Advisors’ Pride, based in Appleton, Wisconsin, managed $2.7 billion and $1.3 billion, respectively. The LPL-affiliated advisers at the firms have $3.2 billion in brokerage assets.
David Wood, founder and chief visionary officer of Gateway, will continue in that role and Eric Hall, the former president of Advisors’ Pride, has been named president of the combined firm, which will operate as Gateway Financial Partners.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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