LPL loses $200M team to HighTower St. Louis

Rogers & Co. Wealth Management will join the former Archer Wealth Management.
MAR 27, 2017

Rogers & Co. Wealth Management, a seven-person firm in St. Louis managing $200 million in assets, has merged with HighTower St. Louis, which was known as Archer Wealth Management until it was acquired by HighTower last year. The combined firm manages $600 million in assets, HighTower said in a release. Headed by Carol Rogers and Omar R. Qureshi, Rogers & Co. had been affiliated with LPL Financial. Ms. Rogers had been with LPL since 2004, and earlier with the FiNet unit of Wachovia Securities. She started her career at E.F. Hutton in 1977. Mr. Qureshi has worked with Ms. Rogers since 2001. HighTower said the addition of Rogers & Co. marks the fifth new team for the firm this year.

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