The war for talent continues to rage in the independent wealth space as LPL and Kestra welcome new additions from rival firms.
On Wednesday, LPL Financial said Horizon Capital Advisors, a Kansas-based ensemble practice, has joined its broker-dealer, RIA, and custodial platforms. The team moves over from Osaic, where they reportedly managed approximately $450 million in assets.
Led by Brett Deuth, J. Brock McClain and Brian Watts, Horizon Capital operates out of Overland Park, with additional locations in Missouri and southeastern Kansas. The group includes five other advisors: Brian Perley, Bennett Long, Cindy Gettel, Melissa Proffitt and Michael Sisson.
The firm traces its roots back more than five decades and serves a diverse client base, including families, executives and business owners.
“We take a holistic approach to providing goals-based proactive wealth management with clear direction,” Deuth said on Wednesday. “We work with families, business owners and executives to create personalized financial plans and disciplined investment strategies to help clients work toward their financial goals.”
Watts highlighted LPL's stability as a Fortune 500 company, as well as its "[investments] in industry-leading capabilities and strategic business resources."
LPL's addition in Kansas, which extends its record of additions from Osaic departures – shortly after welcoming a billion-dollar California team in January, it nabbed a $600 million group in Connecticut – comes not long after it lost a $170 million advisor trio to Osaic in Indiana.
Separately, Kestra Private Wealth Services announced that Amy Dunham has joined its platform through Inspired Wealth Planning, a Georgia-based firm that affiliated with Kestra in 2023.
Dunham brings $235 million in client assets and more than 20 years of experience, specializing in retirement strategies and intergenerational planning.
Previously with Edward Jones, Dunham will be supported by her long-time colleagues Rhonda Harwell and Natalie Edwards in the firm’s new Griffin, Georgia location – Inspired’s fifth office statewide.
Inspired Wealth Planning, which has a presence in Cordele, LaGrange, Perry, and Waycross, focuses on serving clients through key financial transitions. The team emphasizes financial literacy and community outreach, especially in underserved areas of the state.
Inspired’s model works as part of Kestra’s broader strategy of helping advisors transition out of employee-based roles into independent practices.
By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
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The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
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