Two hybrids based in Southeastern Michigan, Baldwin Capital Management of Northville and Langdon Capital Management of Clarkston, have switched affiliations from Voya Financial Advisors to LPL Financial. The two firms work as partners and manage $350 million.
They will use LPL’s broker-dealer and corporate registered investment adviser platforms and employ LPL as custodian.
Advisers Scott Baldwin, Bill Langdon, Todd Sander and Andrew Baldwin specialize in 401(k) plans, and have morphed their business into a wealth management practice focused heavily on financial education and retirement coaching.
By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
Counsel representing Lisa Cook argued the president's pattern of publicly blasting the Fed calls the foundation for her firing into question.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
