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.
The acquisition pairs Zephyr's 21,000-product separately managed account database with Y Charts' newly launched AI agent assistant for investment research.
The war for talent continues in the Sunshine State with as Truist and RayJay teams managing a collective $1 billion in client assets defect to other firms.
Americans now estimate they need $1.2 million to retire comfortably, but rising costs and debt are making that goal increasingly difficult to reach.
Crewe Advisors' Ryan Halliday and Accelerated Wealth Partners' Eric Amar suggest mega RIA's readiness to integrate — not just scale — will determine whether an IPO exit actually works.
Morgan Stanley was co-lead underwriter for SPCX, reportedly generating $100 million in investment banking fees.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
