LPL Financial’s employee advisor channel has attracted an advisor from D.A. Davidson & Co. and expands the firm’s reach in California.
Jeffrey Grange, CWS, has joined the Linsco team to launch Grange Wealth Management of LPL Financial in Santa Barbara, a new office for Linsco. At his previous firm Grange managed approximately $300 million in client assets.
Grange was a world champion sailor before changing course into financial services as an advisor two decades ago. His successful practice serves high-net-worth individuals and affluent families and is aided by registered client services associate Debora McKenzie-Jakushak.
The advisor hopes the transition to his new firm will be plain sailing and says there is synergy between wealth management and his previous life.
“I enjoyed being a tactician in professional sailing working with the helmsman to get the boat around the racecourse the fastest," Grange said. “Financial advising has many similarities in trust, partnership, working for a common goal, not taking too many risks and putting your teammates before yourself.”
Grange explained why he decided to jump ship.
“I was searching for more freedom to better serve my clients and found that LPL provides the optionality and flexibility that I need to operate my practice in the best interests of my clients,” Grange said. “I appreciate that LPL’s enhanced technology allows me to elevate the client experience by creating more streamlined experiences.”
The Linsco by LPL Financial channel has also recently attracted a $165 million AUM advisor in San Diego, a $200 million AUM advisor in Santa Barbara, and a $400 million AUM advisor team in New York City.
Quarterly analysis of retirement accounts highlights positive behavior.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
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.
