Randall Pickett, who managed $180 million at Oppenheimer & Co. in Dallas, Texas, has joined Linsco, the employee channel of LPL Financial.
Pickett, who started his career as an institutional bond salesman, has nearly 35 years of experience and was with Oppenheimer for 13 years.
Pickett and wealth associate Leslie Stephenson, who have worked together for more than six years, launched The Pickett Group of LPL Financial in an effort to better support their clients’ unique goals and values, LPL Financial said in a press release Thursday.
The Pickett Group of LPL Financial will be the second team to join the Linsco office in Dallas, following Bespoke Private Wealth of LPL Financial, which launched last month. The office will have space for several more advisers in the future and is expected to become one of Linsco’s larger sites.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
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
