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.”
IRAs now hold nearly twice the assets of 401(k) plans — and most of that money didn't arrive through annual contributions.
A new survey finds that many women prioritize financial security but continue to leave savings in accounts that may not keep pace with inflation.
Roundhill, Bitwise and GraniteShares funds remain on hold while the agency weighs how novel ETFs should be regulated.
"Shares of alternative assets managers have lagged this year as investors grow wary of private-credit exposure."
The fintech platform is touting a new AI-free Planning Observations feature, which draws on IRS tax records to uncover opportunities for advisors.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
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.
