Equitrust Financial Group, a hybrid managing $800 million, has switched its broker-dealer affiliation and registered investment adviser platform to LPL from Securities America, which is part of Advisor Group.
Based in Deerfield, Illinois, Equitrust was founded in 1989 by Steven Hyman and Charles Noparstak. It has expanded to include advisers Felix E. Aisen, Joshua S. Noparstak and Gail V. Crowley, along with a seven-member support staff.
The team had been affiliated with Securities America since 1991.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
Examiners will scrutinize fee conflicts, complex products and super intelligence threats as broker-dealers face fresh Reg BI and AML reviews
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
