Victoria, Texas-based CoastPoint Financial adds $150 million in client assets to the broker-dealer giant’s network.
Based in South Carolina, the three-person holistic planning practice is joining a 4,000-strong network of advisors.
The acquisition of Atria will transform LPL 'from a leading player in the space into a category killer,' analyst says.
The seasoned advisor oversees more than $120 million in assets at his planning and investment practice in Rome, Georgia.
The firm saw a year-over-year drop of 65 percent in new asset flows in January, including a steep slowdown in core net new assets.
‘When I got here in 2016, I had no idea who the alternative investment sponsors were,’ says Jamie Price of Osaic.
The seasoned advisor brings more than two decades of industry experience.
The disgraced advisor fleeced more than 400 investors in a fraudulent 'private equity' fund over a 13-year period.
Other firms that saw big increases in the number of CFP professionals in 2023 included Charles Schwab and Northwestern Mutual.
LPL's equity purchase of Atria will cost the firm at least $805 million.
'This appears to be more of a reflection on Stifel,' one industry recruiter says.
Following a failed California lawsuit, M&A client is trying again in New York.
'Somewhere in the firm's systems, a big, flashing red light should have gone off,' one attorney says.
Based in New Jersey, the Rosso Financial Group's members boast more than 80 years of combined industry experience.
The firm is rolling out two options for advisors who need help building financial plans.
'Mass affluent individual investors historically have not had an easy way to access these types of products and strategies,' senior KKR executive says.
The seasoned financial advisor is launching his own independent practice as he joins RIA powerhouse.
Change is afoot at the brokerage firm, which reportedly is reimbursing its advisors for the cost of certifications offered by the Investments & Wealth Institute.
"Will there be more RIAs for sale than there are buyers at the trough?" Jamie Price asks.
State regulator imposes penalties in relation to overcharging exposed by multistate investigation.
