Private Advisor Group said Wednesday it acquired Investors Financial Group, a Minneapolis registered investment adviser with $1.86 billion in advisory assets. Terms of the deal were not disclosed. With $30 billion in client assets, Private Advisor Group of Morristown, New ...

A financial firm executive and a high-profile financial adviser agreed Tuesday on the need for more transparency on the costs of custodial services but differed on exactly how far to go. Michael Kitces, head of planning strategy at Buckingham Wealth ...

A former broker for both Wells Fargo Advisors and LPL Financial was arrested Monday in New Jersey and charged with stealing more than $500,000 from multiple clients to fund his gambling and personal expenses, according to the U.S. Attorney’s Office. ...

LPL Financial announced that an all-woman team of advisers who had overseen $210 million in assets at Voya Financial Advisers has joined its platforms and aligned with The Financial Services Network, an LPL office of supervisory jurisdiction. Kristi Turchan and ...

The brother team of Blake and Drew Turner, who managed $210 million at Wells Fargo Advisors in Atlanta, have joined LPL Financial’s Linsco unit as employees. Drew Turner began his career in 2004 at Wells Fargo where he teamed with ...

Gateway Financial Partners, a large office of supervisory jurisdiction that’s affiliated with LPL Financial, has acquired another LPL super OSJ, Advisors’ Pride. Terms of the acquisition were not disclosed. Gateway, based in Glastonbury, Connecticut, and Advisors’ Pride, based in Appleton, ...

LPL Financial said two advisers who had managed $280 million in assets at Wells Fargo Advisors have launched an independent firm and affiliated with LPL via its Strategic Wealth Services platform. [More: LPL kept spending big on recruiting in 2021] ...

LPL Financial recruited mightily in 2021 and it spent mightily, too. Last month it reported forgivable loans — using rough, back of the envelope math — of $773 million at the end of last year, compared to $419 million a ...

A trio of advisers overseeing $1 billion in individual and retirement plan assets at Wells Fargo Advisors have gone independent and affiliated with LPL Financial. Jason J. Howard, Shane Kunz and Chad Horne, who operate as Outcome Private Wealth in ...

Guy Blakey and Karl Willard, who manage $320 million, have changed their broker-deal affiliation and their corporate registered investment adviser and custodial platform to LPL Financial from Securities America. The two, who are based in Altamonte Springs, Florida, are using ...