Team managing $550 million at Northwestern Mutual goes indie with LPL

Team managing $550 million at Northwestern Mutual goes indie with LPL
Thirteen-member Gatewood Wealth Solutions is based in St. Louis.
DEC 02, 2019
Gatewood Wealth Solutions, a 13-person team managing $550 million at Northwestern Mutual in St. Louis, has gone independent and affiliated with LPL Financial's broker-dealer and corporate registered investment adviser platforms. [More: See more adviser moves in InvestmentNews' Advisers on the Move database] Founder John Gatewood, who launched the practice in 1981, said the move was made to access technology that the firm needed to support its planning and advisory focus, as well as to permit advisers Daniel Goeddel, Brian McGeehon, Christina Shockley and Aaron Tuttle to receive equity in the business. Mr. Gatewood said his group was one of the leading teams at Northwestern Mutual. [More: Ed Slott: Make sure your small business clients consider this before they convert IRAs to Roths]​

Latest News

Devoe: Record-breaking RIA M&A run led by private equity's consolidator comeback
Devoe: Record-breaking RIA M&A run led by private equity's consolidator comeback

A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to Devoe & Company.

Fintech bytes: Advisor360, Nitrogen unveil AI updates for advisor productivity
Fintech bytes: Advisor360, Nitrogen unveil AI updates for advisor productivity

Also, Advisor CRM announces a new data integration partnership to ease the pain of client onboarding.

Bank of America, Morgan Stanley earnings roll despite roiled markets
Bank of America, Morgan Stanley earnings roll despite roiled markets

Meanwhile, Merrill Lynch intends to continue building its alternative investment platform for wealthy clients.

David Fischer of Independent Financial Group talks culture, future growth
David Fischer of Independent Financial Group talks culture, future growth

The co-founder of IFG discussed with InvestmentNews the unique opportunity that remaining independent offers to build a successful firm.

Wealth Consulting Group taps veterans from Envestnet, Emigrant Partners for new advisory board
Wealth Consulting Group taps veterans from Envestnet, Emigrant Partners for new advisory board

Three industry leaders will join the hybrid RIA's president and LPL alum, Andy Kalbaugh, to help guide its organic and merger-based growth strategy.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.