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.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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