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.
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
