Andy Walker and Christian Covey, who managed $350 million at a practice affiliated with Commonwealth Financial, have launched their own firm, Walker Covey Wealth Advisors, and affiliated with LPL Financial.
The two, who are based in Orem, Utah, used LPL’s service package for breakaway brokers.
Walker has 18 years of experience, according to his IAPD profile. He had worked at Commonwealth since 2007, and started his career at Northwestern Mutual. Covey had worked at Commonwealth since 2019.
Rebecca McEntire will serve as director of client services for the new firm.
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
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
