Rubino Skedsvold Moran & Associates, which manages $340 million in Portland, Oregon, has affiliated with LPL Financial’s broker-dealer and will use the firm’s RIA and custodial platforms.
Judy Rubino, who leads the firm with Kari Skedsvold, had been affiliated with Ameriprise Financial for 34 years. They were joined in the move by planner Devin Moran and three associates.
The move was made with succession planning in mind, LPL Financial said in a statement Tuesday.
“We’ve created a legacy and need our team to help carry that on,” Rubino said in the statement. “We are excited to move to a supportive environment where we can grow our practice on our own terms, with a relatively young team who can continue to deliver the comprehensive service that our clients have come to expect.”
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
