Adam Hutchinson and Robert Gibbs, who managed $215 million at Morgan Stanley, have gone independent and affiliated with LPL Financial through River Edge Wealth Partners, an office of supervisory jurisdiction on the LPL platform.
The two will be based at River Edge’s office in Redbank, New Jersey.
"Together, Hutchinson and Gibbs bring over 27 years of experience to the Red Bank, N.J.-based River’s Edge group," LPL Financial said in a press release Thursday.
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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