LPL snags $350 million Cetera team

LPL Financial announced Wednesday that it has recruited a team of advisers in Ohio, River Cities Financial Services, who were formerly registered with Cetera Advisors.

River Cities Financial Services is led by Michael Anthony and has $350 million in advisory, brokerage and retirement plan assets, according to a statement from LPL.

Also moving to LPL are River Cities Financial’s founders Leslie Futrell and Rick Walters, as well as fellow advisers Stacey Brooks and Keith Thieman. They are assisted by an office support staff with four long-tenured members.

Futrell, Walters and Brooks had been registered with Cetera Advisors since 2004, while Anthony had been registered at the firm since 2015 and Thieman since 2014, according to BrokerCheck.

River Cities Financial is affiliating with a large LPL branch, JFC Advisor Network, as part of its move.

Related Topics: Advisers On The Move, Cetera Financial Group, LPL Financial