Lisa Tesar, who managed $260 million at Morgan Stanley in Cedar Rapids, Iowa, has joined the Linsco unit of LPL Financial, the firm’s employee adviser unit.
Tesar is a second-generation adviser who followed her father’s footsteps into their family business, which dates to 1936. She plans to eventually bring on her son to continue the legacy practice.
At Tesar Group Investment & Financial Planning by LPL Financial, Tesar works primarily with older high-net-worth clients, with a focus on individual portfolio management for retirement income strength.
The latest arrivals, including a 10-advisor ensemble from Ameriprise, bolster the firm's independent contractor and employee advisor channels.
The firm has also appointed Mike Downing and Sean Brennan as co-presidents to its US operations as it looks to proceed with an ambitious five-year growth plan.
Meanwhile, Kestra partner Coastline Wealth Management passes a milestone in its geographic expansion with a former Ameriprise team in New York.
New research also reveals that one third of HSA holders withdrew more than they put in.
Blue Anchor Capital Management and Pickett also purchased "highly aggressive and volatile" securities, according to the order.
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.
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