AK Financial Group, an Irvine, California-based firm managing $1 billion, has joined Private Advisor Group, a Morristown, New Jersey-based firm managing $33 billion that's a large office of supervisory jurisdiction for LPL Financial.
AK Financial Group’s own registered investment adviser will be folded into that of the Private Advisor Group. AK’s 25 advisers and staff already are affiliated with LPL.
"Winding down my RIA operations allows me to spend more time doing what I love most: spending time with clients and mentoring financial advisors,” said Andrew Karlinski, who heads AK Financial.
Karlinski, who has 45 years of experience, will also serve as managing director of the West region for Private Advisor Group.
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From direct lending to asset-based finance to commercial real estate debt.
