Independent Financial Group snags $875 million hybrid team
Formerly affiliated with SII Investments, Scarborough Capital Management has decided not to sign with LPL.
Scarborough Capital Management, a hybrid firm that manages $875 million, has switched its broker-dealer affiliation from SII Investments to Independent Financial Group.
SII is one of four firms that made up the National Planning Holdings network, which was sold recently to LPL Financial.
Based in Annapolis, Md., Scarborough had been affiliated with SII since 2008 and will continue to operate its own registered investment adviser.
The firm has 10 advisers and eight office support staff. Its principals are Greg Ostrowski, Ian Arrowsmith, Jay Sprinkel, Ryan Ansted and Shawn Walker.
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