LPL Financial has gained a team of five advisors previously with Ameriprise, managing approximately $550 million in client assets.
Advisors Paul LaBanc CFP, CRPC, AAMS, AWMA and Donald Grassi CRPC, AAMS, AWMA, first went into partnership in 2001 before founding ViewPoint Wealth Partners.
The firm now also includes advisors Michael Kozlowski CRPC, Brian Miller CFP, CRPC, APMA and Jennifer Bower CRPC, along with director of client relations Theresa Guerini and two support staff members.
Grassi explained the decision to switch firms having vetted several potential firms.
“As we grow our team, we wanted to find the best place to continue our legacy and bring on the next generation of advisors,” he said. “With LPL, we have more ownership of our business, along with full control in how we operate. We have access to best-in-class technology that’s continuously evolving with the industry, in turn creating efficiencies so we can spend more time with clients.”
Scott Posner, LPL’s EVP of Business Development, welcomed the ViewPoint team, following two other teams joining the firm’s channels in the past week.
Financial advisors John Lankford and Justin Pestel, CPFA, of Pathway Wealth Advisors in Wichita Falls, Texas, joined LPL Financial’s broker-dealer, RIA, and custodial platforms with approximately $125 million AUM. They were previously with Osaic’s Woodbury Financial.
And financial advisor Carmen Pontelandolfo joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch CJP Wealth Management of LPL Financial, having served approximately $135 million at Morgan Stanley.
“At LPL, we recognize that advisors know their clients best. We’re committed to providing ultimate choice and flexibility in how advisors run their business, and we do that by offering a range of innovative capabilities and robust business resources to help them serve clients as they see fit.”
LPL has attracted several high-value teams in the past month including a $1 billion firm in Atlanta that had been with Fifth Third for more than a decade.
The firm’s CEO Dan Arnold also recently spoke of the “opportunity” presented by the integration of advisors working with TD Ameritrade onto Charles Schwab’s custody platform.
Wealth Consulting Group, Coastline and Maridea report fresh capital, acquisitions and asset growth as advisor M&A keeps climbing
Carson Group's Dani Fava, Jason Pereira of Woodgate Financial, and Sally George of Convergency Partners led the raise as the growth-tech startup builds out its AI platform and leadership bench.
New teams from William Blair, Ameriprise and UBS bring more than $560 million in combined client assets to the firm's employee and independent channels.
Regulators this year approved UBS Bank USA’s conversion to a nationally chartered bank.
How a subprime lender’s car-loan bonds allegedly unraveled before bankruptcy.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
