Merrill Lynch Team of Advisors Join LPL
A team reportedly managing $650 million in assets is leaving Merrill Lynch and launching a new firm with LPL Financial. According to the release, the four advisors will leverage LPL’s broker-dealer, corporate RIA and custodial platforms, and the Strategic Wealth Services model. Their independent practice called NorthEnd Private Wealth will be headquartered in Greenville, South Carolina.
$2 Billion Advisors from Morgan Stanley Move to LPL Affiliate
A $2 billion team from Morgan Stanley is heading to LPL affiliate Gladstone Wealth Partners. John Gallagher and Mark Levin are setting up a new office in Marlton, NJ. The advisors said in the press release that they chose the name cfor the new firm because Maverick means "independent-minded."
LPL Recruits $1 Billion Team from Omaha
LPL Financial just picked up a $1 billion team from Omaha. Tagge Rutherford Financial Group is leaving Cetera to join LPL Financial’s broker-dealer and corporate RIA platforms. Executive Monte Peterson said in the release, "we recognized a need for a change—one that impacts clients positively and creates more office efficiencies."