Lincoln Financial loses $150 million team to Raymond James

Brokers moving to firm's indie unit in preparation for succession.
JUN 21, 2017

Two brokers managing $150 million in assets at Lincoln Financial have moved to the independent unit of Raymond James. Thomas Burger and Jeanne Hagar operate as The Hamilton Group in Beverly and Mansfield, Mass. The practice is a satellite branch of an RIA firm, Boston Harbor Wealth Advisors, whose advisers are affiliated with Raymond James. "I was looking for a succession plan, and with Raymond James' help, we were able to work one out via an alignment with an existing affiliated team," said Mr. Burger, who began his career in 1971 at Howard Holladay, a general insurance agent. Since 1981, he has conducted his investment business as a branch manager through Lincoln Financial Securities Corporation and its predecessor firms. Ms. Hagar joined Prudential Financial in 1991, and joined The Hamilton Group and Lincoln Financial in 2002. ​ ​

Latest News

FiNet, Raymond James land California and Washington advisor teams
FiNet, Raymond James land California and Washington advisor teams

Three advisor groups overseeing more than $700M in combined client assets head to new firms.

Retirement crisis fears hit record high as debt and inflation squeeze Americans
Retirement crisis fears hit record high as debt and inflation squeeze Americans

New research finds most Americans fear a US retirement crisis, while skepticism grows toward AI financial advice and crypto in retirement plans.

Easy to buy, harder to exit: The liquidity risk hidden inside ETFs
Easy to buy, harder to exit: The liquidity risk hidden inside ETFs

Getting a client into a fund has never been easier – but after that, the hardest part is yet to come.

FINRA bars NYLIFE rep who used smart glasses to cheat on Series 6
FINRA bars NYLIFE rep who used smart glasses to cheat on Series 6

A former NYLIFE Securities rep was permanently barred after using internet-enabled glasses to cheat on the Series 6 exam

Vanguard settled Just Invest lawsuit weeks before Altruist deal
Vanguard settled Just Invest lawsuit weeks before Altruist deal

Both of Vanguard's acquisitions have targeted the RIA industry, but the first ended in a legal settlement just weeks before buying Altruist.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

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