Andy Kalbaugh, managing director and divisional president of national sales and consulting at LPL Financial, will retire at the end of the first quarter of 2021. The firm will conduct an external search to identify a new senior leader to join its management team, LPL said in a release.
Kalbaugh joined LPL in 2007 following its acquisition of Mutual Service Corp. He served as executive vice president of business consulting for independent advisor services and was named managing director in 2011.
In his current role, he is responsible for the long-term growth and retention of LPL’s financial advisers and institutional clients.
The group led by a 37-year industry veteran brings $470 million in assets to the Philadelphia-based broker dealer.
The Atlanta, Georgia-based national wealth firm revealed its new PE partner as prior backers Wealth Partners Capital Group and HGGC’s Aspire Holdings exited their investments.
The latest departures in Ohio mark another setback for the hybrid RIA, which is looking to "expanding its presence across all models and segments of the wealth management industry.”
The St. Louis-based real estate investment firm gives the asset management giant a valuable access point to the roughly $1 trillion net lease market.
Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
