Peter Carmack, who managed $510 million at Wells Fargo Advisors in Overland Park, Kansas, has gone independent and affiliated with LPL Financial.
His new practice, Carmack Capital Management, is based in Lees Summit, Missouri, LPL Financial said in a press release Tuesday.
Carmack was with Wells Fargo for 12 years after spending nine years with Morgan Stanley and a predecessor firm. He began his securities career in 1993 at H&R Block Advisors.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.
Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
