Robert Mitchell, who managed $410 million at Stifel in Greensboro, North Carolina, has joined LPL Financial’s Linsco employee channel. Mitchell and his team will open an office for the firm in that city.
An orphan who experienced homelessness as a young adult, Mitchell says his mission is to make a difference in the lives of as many people as possible by helping them as they work toward their financial goals. As a result, he does not set account minimums, LPL said in a press release.
Mitchell is joined by wealth associates Joanna Page and Jonathan Peters as well as registered client service associate Andrea Wisekal.
Most firms think they are ready for the ultra high net worth market. Most are not.
Stifel has paid or is on the hook for close to a staggering $200 million in damages and settlements to former clients of Chuck Roberts.
UBS also expanded in the Southeast with six advisors overseeing more than $2 billion, while Osaic lured a $300 million family-led practice from Wells Fargo's FiNet.
The new AI workspace rollout promises to automate the full advisor workflow just as third-party tools wage a turf war for central control of wealth firms' tech stacks.
Mega-RIA picks up $250M advisor, while three firms head for &Partners.
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.
