LPL Financial said Thursday that a team headed by advisors Eric Fenton and Rodney Wangler, which oversaw $300 million in assets at Securities America, which is part of Advisor Group, have joined LPL.
Their Vancouver, Washington-based firm, Fenton Wangler Financial, will be aligned with JFC Advisor Network.
The two advisors founded their firm in 2001.
In a statement, Fenton cited LPL’s technology as one of the factors behind their decision to join the firm. “LPL invests heavily in its innovative technology, which is critical to keep pace in this ever-changing environment,” he said.
A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to DeVoe & Company.
Also, Advisor CRM announces a new data integration partnership to ease the pain of client onboarding.
Meanwhile, Merrill Lynch intends to continue building its alternative investment platform for wealthy clients.
The co-founder of IFG discussed with InvestmentNews the unique opportunity that remaining independent offers to build a successful firm.
Three industry leaders will join the hybrid RIA's president and LPL alum, Andy Kalbaugh, to help guide its organic and merger-based growth strategy.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
