Coming from Summit Financial Networks, the newest addition brings $425 million in client assets to the employee-based RIA in North Carolina.
RBC has also lured a billion-dollar advisor from JPMorgan, while Raymond James and Osaic reel in more ex-LPL advisors.
Survey reveals adoption gaps and opportunities for financial advisors across channels
The agreement gives Cetera advisors access to structured investment banking support as private business owners seek tailored strategies for successful exits.
"I am so excited that we get to actually now show our advisors and their clients why we went through all this," Cornick told InvestmentNews during the company's annual conference.
Two new firms have been created by advisors seeking greater independence.
Ameriprise and Wells Fargo's FiNet have also scored recent wins with additions from LPL, Morgan Stanley, and Ziv.
The partnership helps more advisors address Peak 65 clients' concerns with a new retirement income offering on LPL's managed accounts platform.
The giant hybrid IBD's newest partners, including one formerly with LPL, reinforces its status as a supporter of smaller lenders expanding into the wealth space.
Independent wealth manager sharpens national growth strategy with leadership appointments
Meanwhile, LPL welcomes a $400 million planning-focused team from Edward Jones in southeast Missouri.
"The fourth Industrial Revolution, driven by artificial intelligence, cloud computing, and digital platforms," is what will transform wealth management, Price said.
Study reveals what fuels sustainable wealth management firm growth.
The latest breakaways, including an elite Colorado group that reported $1.25 billion at UBS, add to the wirehouse's continuing retention woes.
The privately held firm is looking to open four new private client hubs, advanced advisor training and support, and expand its investment and tax offerings.
After finishing second to acquire Commonwealth, Raymond James has come out swinging.
The Osaic CEO kicked off ConnectED 2025's conference keynote by providing a state of the industry and where things are headed.
Green is joining the California-based RIA with more than 15 years of experience, including his most recent stint as Osaic's human resources chief.
It is the second AI-focused business that Casady, the former CEO of LPL, has focused on in less than a year.
