Beau Jones, Chris Story, Taylor Roberts and Joseph Montgomery, who collectively managed $375 million at Raymond James, have gone independent and launched The Albany Group, which has affiliated with LPL Financial.
The group used LPL’s services for breakaway brokers.
The four managing partners were joined by operations manager Liz Yates and client service specialists Danita Shoulders and Stephanie Brock, LPL Financial said in a press release Tuesday.
It's the mega-RIA firm's third $1B+ acquisition in just three months.
Wall Street leaders propose ways to monetize the mortgage giants.
Changes in legislation or additional laws historically have created opportunities for the alternative investment marketplace to expand.
A Texas-based bank selects Raymond James for a $605 million program, while an OSJ with Osaic lures a storied institution in Ohio from LPL.
The Treasury Secretary's suggestion that Trump Savings Accounts could be used as a "backdoor" drew sharp criticisms from AARP and Democratic lawmakers.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
