LPL Financial has attracted an advisor with around $230 million in advisory, brokerage and retirement plan assets to its broker-dealer, RIA, and custodial platforms.
Blake Mier of Mier Financial, based in Bloomington, Illinois, was previously with Wells Fargo Advisors Financial Network but decided to make the switch to gain greater autonomy and he was also impressed with the selection of products and services offered.
With 25 years of experience in the financial services industry, Mier says relationships with clients and their families is an important part of a successful advisory practice.
“The best part of my job is getting to know my clients and their financial hopes, goals and fears, and then working with them to put together a financial plan that addresses all of those things,” Mier said. “Most of my clients have been with me for years, and many of them are multi-generational. I am very proud of the relationships I have built during my career and am honored that my clients trust me with this extremely important part of their lives.”
He is joined in his move by client relationship manager Katie Simpson. For LPL, adding Mier to its growing list of affiliates follows a strong start to November, with a $225 million team in Georgia joining from United Planners and a $550 million team who jumped from Ameriprise.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
The collaboration will give RIAs yet another access point into the alternatives space through a new unified managed account capability.
A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to DeVoe & Company.
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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.
