LPL recruits $800 million advisory business from Signator

LPL recruits $800 million advisory business from Signator
Seattle First Asset Management seeks the leverage of the nation's largest independent broker-dealer
OCT 30, 2018

LPL Financial has recruited Seattle First Asset Management from Signator Investors. Seattle First, which has $800 million worth of brokerage and advisory assets, was founded in 2012 by Steven Jones, who stated that the transition to LPL is designed to take advantage of the technology, resources and support from the nation's larger independent broker-dealer. Joining along with Mr. Jones is operations manager Loren McEwan, who holds Finra Series 7 and 66 licenses. In a prepared statement, Mr. Jones said his wealth management practice is uniquely focused on value investing and "we typically own what we recommend." LPL, which added 125 advisers during the quarter ending Sept. 30 along with $9.1 billion worth of recruited assets, reported a total adviser headcount at quarter-end of 16,174.

Latest News

Advisor moves: Equitable and Raymond James nab veterans from rival BDs
Advisor moves: Equitable and Raymond James nab veterans from rival BDs

The defectors from Cetera, Lincoln Investments, and DA Davidson strengthen the firms' presence across the Eastern and Western US.

Are you one of the promising wealth management talents under 40?
Are you one of the promising wealth management talents under 40?

InvestmentNews is searching for the country's emerging young talents.

RIA moves: Focus Financial, Cerity Parners notch firsts with latest additions
RIA moves: Focus Financial, Cerity Parners notch firsts with latest additions

Focus gets back to external M&A after its January rebrand, while Cerity enters the Arizona market with a veteran planning-focused team.

SEC seeking sanctions for former Florida investment advisor over alleged $17M client fraud
SEC seeking sanctions for former Florida investment advisor over alleged $17M client fraud

Complaint details near decade-long scheme raising almost $40 million from dozens of clients, including Venezuelan nationals, Catholic dioceses, and elderly individuals.

Cetera taps Envestnet alum to head RIA growth platform
Cetera taps Envestnet alum to head RIA growth platform

A veteran with more than two decades of experience, Andina Andreson represents the latest in a string of recent leadership changes at the firm.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.