A three-adviser team managing $300 million at Wells Fargo Advisors in Tryon, N.C., has gone independent and affiliated with LPL.
The breakaway firm, Ashworth Financial Group, will use the services of LPL Strategic Wealth Services, a new unit that hopes to attract breakaway wirehouse advisers managing more than $200 million by providing them with more services than its purely independent model.
Mike Ashworth, Steve Collie and Katheryn Gordon are the advisers making the move. Ashworth began his securities career in 1998 at PaineWebber and moved to A.G. Edwards, a predecessor of Wells Fargo, the following year. Collie joined A.G. Edwards in 1997. Gordon began her career at Wells Fargo in 2016.
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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