Advisers Leslie Shenkler and Daryl Lipkin, who had managed $265 million at UBS in Princeton, New Jersey, have formed Alcove Private Wealth and affiliated with LPL Financial, using the firm’s service program for breakaway brokers.
Shenkler, who specializes in responsible investing, and Lipkin, who holds a certification in retirement planning, have been partners since 2010. They had been affiliated with UBS since 2012.
Shenkler has 23 years of experience, according to her BrokerCheck report, and Lipkin has spent 13 years as an adviser, after spending 20 years in corporate finance.
They are joined in the move by client services manager Eileen Smith.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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