CenterPoint Wealth Advisors, a hybrid that manages $225 million and is based in Crownsville, Maryland, has switched its broker-dealer and registered investment adviser platforms to LPL. The firm, located just outside of Annapolis, had been affiliated with Wells Fargo Financial Advisors Network.
Glenn Drake and John Kinzer, who partnered in 2003 and have more than 60 years combined experience as advisers, were joined in the move by Rachel Waltjen, who directs operations and has worked with the team for more than 17 years.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.
Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
