LPL snags team managing $610 million from Raymond James

LPL snags team managing $610 million from Raymond James
The move marks at least the second adviser to switch from Raymond James to LPL in as many months
MAR 02, 2020
Global Advisor Group, which managed $610 million in brokerage and advisory assets at Raymond James, has switched to LPL Financial’s broker-dealer and registered investment adviser platforms. The move marks at least the second advisory team to switch from Raymond James to LPL in as many months. [More:​ See more adviser moves in InvestmentNews’ Advisers on the Move database.] Founded by James Barnette in 1999, when he affiliated with Raymond James, Global Advisor Group serves individual and institutional clients in all 50 states and 106 countries. The 22-member team includes 14 financial advisers and is based in Reston, Va., outside Washington. The independent firm will use Private Advisor Group as its office of supervisory jurisdiction.

Latest News

Clients are using AI to challenge financial advice, Pacific Life survey finds
Clients are using AI to challenge financial advice, Pacific Life survey finds

Advisors must navigate misinformation and generational expectations as technology reshapes client relationships.

Jailed Florida broker, facing sexual battery charge, ghosts FINRA
Jailed Florida broker, facing sexual battery charge, ghosts FINRA

The regulator has been trying to reach imprisoned advisor Jason Foley.

Microsoft's AI workforce reset targets 27% of global staff in new buyout
Microsoft's AI workforce reset targets 27% of global staff in new buyout

Magnificent 7 firm continues to ‘right size’ workforce in AI-related shift also seen in financial services.

HSA investing gap creates retirement planning risk for clients
HSA investing gap creates retirement planning risk for clients

Healthcare inflation running at 280% of CPI - and most HSA holders are sitting in cash.

High-growth retirement plan advisors gain AUM faster, BlackRock data shows
High-growth retirement plan advisors gain AUM faster, BlackRock data shows

New research identifies the practice habits driving 121% DC AUM growth among the industry's top performers.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor