LPL
RBC Promotes Practice Management Head to Run Pacific Northwest
Nate Angelo will oversee 137 brokers in ten offices as one of RBC’s 21 complex directors in the U.S.
Commonwealth Aims New Recruiting Deals at Wirehouse Brokers
Independent broker-dealer is raising transition loans and constructing new payout grids to attract big-firm brokers seeking to run their own advisory shops.
LPL Lures Arizona ‘Enterprise’ Team from Securities America
Shift of “office of supervisory jurisdiction” with about 30 advisors servicing $1 billion to LPL follows 10-year affiliation with unit of Advisor Group.
LPL Hires RBC Arizona Team to New Channel
Trio managing $380 million is the fifth to join new Strategic Wealth Services unit launched for employee-channel producers seeking more support than typical LPL independent contractors.
R.J. Moore, Independent Brokerage Notable, to Run Giant LPL Affiliate
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.
35-Year Wells Broker Goes Indie, Lifetime Penn Mutual OSJ Takes $980-Mln Team to Advisor Group
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.
Morgan Stanley Hires Merrill Lifer with $473-Mln Book in Illinois
Arrival of $2 million producer on Friday followed Morgan Stanley’s recruiting of the previous week of a UBS broker in northern California.
Outside Business Breach Fells Another Advisor
Former Virginia broker who was running an outside payroll service for realtors fell off LPL’s payroll for failing to disclose the business and got further whacked this week by Finra.
Finra Suspends Vet Who Printed Client List, Novice Who Bought CDs Unauthorized
Two Finra suspensions this week against former JP Morgan and Lincoln Investment brokers send messages about following regulations.
$3.7-Million Wells Fargo Bank Team Joins LPL’s ‘Wirehouse’ Channel
Two brokers who managed $500 million in client assets are the third group to join LPL’s five-month-old “Strategic Wealth Services” affiliation model.
SEC Accuses Ex-LPL Connecticut Broker of Stealing $300K from Elderly Client
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.
