Ameriprise loses $275 million team to LPL hybrid unit

Five veteran advisers form Socratic Wealth Advisors in Raleigh, N.C.
JUN 15, 2017

A five-adviser team that managed $275 million at Ameriprise in Raleigh, N.C., has affiliated with LPL and its hybrid RIA platform. Operating as Socratic Wealth Advisors, the team includes veteran advisers Chris Demarest, Murat Kaptanoglu, Andrew Lipson, Conley Perry and Brad Williams and four professional staff members. Prior to the new venture, all five advisers had spent their entire careers at Ameriprise and its predecessor, IDS. Mr. Demarest joined Ameriprise in 2004. Mr. Kaptanoglu joined the firm in 1995, and Messrs. Lipson, Perry and Williams in 1997. This article has been corrected to indicate that the team is based in Raleigh.

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