Most notably, two chief compliance officers have also recently left the firm.
The latest team to join Cetera, led by a 29-year veteran professional, arrives with roughly $380 million in AUA from OSJ Private Advisor Group.
The McKinsey veteran brings her expertise as LPL targets a lofty 90% advisor retention rate from its acquisition and integration of the $300 billion RIA.
Veteran advisor managing $400M launches firm through strategic partnership.
The giant hybrid RIA's latest East Coast move adds $175 million in recruited assets as it looks to offset broader advisor attrition.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
A Texas-based bank selects Raymond James for a $605 million program, while an OSJ with Osaic lures a storied institution in Ohio from LPL.
Raymond James also lured another ex-Edward Jones advisor in South Carolina, while LPL welcomed a mother-and-son team from Edward Jones and Thrivent.
Appeals court overturns SEC’s CAT funding plan, broker-dealers face new uncertainty.
Meanwhile, a father-son pair of advisors and ex-marines from ex-Edward Jones gives Kingsview its newest location in Arkansas.
Meanwhile, Cetera has boosted its own recruitment numbers with new additions from LPL and Osaic.
The organization overseeing the CFP mark is looking for its next chief executive as Kevin Keller is set to step down in April next year.
In his comments to analysts, CEO Paul Shoukry alludes to - but does not name - Commonwealth Financial as a factor.
The new offerings, including managed options on Franklin's canvas platform, come as managed account assets surge in the US to hit $13.7 trillion.
After leaving LPL in 2020, it hasn't gone Cornick's way at Osaic.
UBS has also regained some ground as it recruited an experienced Merrill advisor in New York.
LPL Financial is a bellwether for the broader financial advice marketplace.
UBS and Wells Fargo have made their own additions in the Northeast, including a Massachusetts duo defecting from Commonwealth.
The co-founder of IFG discussed with InvestmentNews the unique opportunity that remaining independent offers to build a successful firm.
