Nate Angelo will oversee 137 brokers in ten offices as one of RBC’s 21 complex directors in the U.S.
Independent broker-dealer is raising transition loans and constructing new payout grids to attract big-firm brokers seeking to run their own advisory shops.
Shift of “office of supervisory jurisdiction” with about 30 advisors servicing $1 billion to LPL follows 10-year affiliation with unit of Advisor Group.
Former CEO of Cetera and president of LPL buys stake in $21.7 billion-asset Private Advisor Group and becomes CEO of the 650-advisor LPL brokerage practice.
LPL-affiliated OSJ adds $1.65-mln family trio in W. Va./Fla. from Wells’ employee channel, Washington State OSJ abandons two-decade affiliation with Penn Mutual unit for Royal Alliance.
Regulator files emergency action to freeze assets of independent broker and advisor who allegedly stole more than $300,000 from elderly client with whom he had a joint bank account.