Brian Lynn, John Fessler and Jim Pacheco, who managed $305 million at Wells Fargo Advisors, have formed Claritas Financial Partners in Marlton, N.J., and affiliated with LPL.
The new firm will use the corporate registered investment adviser platform of LPL through the firm's strategic wealth services unit, which specializes in supporting breakaway employee brokers.
Lynn began his financial career in 1994 at Merrill Lynch. He joined Legg Mason in 1995 and Wells Fargo in 2002.
Fessler joined Wells Fargo in 2014. Jim Pacheco began his career in 1991 at Lutheran Brotherhood Securities, and moved to AXA Advisors in 2001. He joined Wells Fargo in 2008.
[More: Virtual Attraction: Can broker-dealers still recruit reps and advisers, even during a pandemic?]
A $141M judgment and a federal asset freeze collide over one shrinking pool
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
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
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
