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.”
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It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
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