Team managing $550 million at Northwestern Mutual goes indie with LPL

Team managing $550 million at Northwestern Mutual goes indie with LPL
Thirteen-member Gatewood Wealth Solutions is based in St. Louis.
DEC 02, 2019
Gatewood Wealth Solutions, a 13-person team managing $550 million at Northwestern Mutual in St. Louis, has gone independent and affiliated with LPL Financial's broker-dealer and corporate registered investment adviser platforms. [More: See more adviser moves in InvestmentNews' Advisers on the Move database] Founder John Gatewood, who launched the practice in 1981, said the move was made to access technology that the firm needed to support its planning and advisory focus, as well as to permit advisers Daniel Goeddel, Brian McGeehon, Christina Shockley and Aaron Tuttle to receive equity in the business. Mr. Gatewood said his group was one of the leading teams at Northwestern Mutual. [More: Ed Slott: Make sure your small business clients consider this before they convert IRAs to Roths]

Latest News

Mercer Advisors lands third-biggest deal to date with Full Sail Capital
Mercer Advisors lands third-biggest deal to date with Full Sail Capital

With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.

Fintech bytes: FP Alpha rolls out estate insights feature
Fintech bytes: FP Alpha rolls out estate insights feature

Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.

Morgan Stanley, Atria job cut details emerge
Morgan Stanley, Atria job cut details emerge

Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.

Envestnet taps Atria alum Sean Meighan to sharpen RIA focus
Envestnet taps Atria alum Sean Meighan to sharpen RIA focus

The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.

LPL, Evercore welcome West Coast breakaways
LPL, Evercore welcome West Coast breakaways

The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.