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.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
