A trio of advisors with a reported $185 million in shopper brokerage and advisory belongings is becoming a member of LPL Monetary, in response to the agency. The Idaho Falls, Idaho-based agency, Teton Wealth Administration, is leaving Waddell & Reed.
The agency, led by Jake Murray, Mike Canavan and Jill Phillips, is becoming a member of LPL's dealer/seller and company RIA platforms. The staff was drawn by LPL's expertise and help, stated Murray.
LPL acquired AdvisoryWorld in an all-cash deal final December, to enhance the agency's proposal technology, onboarding and funding analytics capabilities. In the meantime, Waddell & Reed just lately introduced the deployment of an advisor-focused tech platform constructed by Refinitiv and powered by Thomson ONE tech.
LPL's scale was enticing as nicely, added Canavan. The trio of advisors can even be joined by three help personnel.
“We're dedicated to being an innovator within the business and we're honored that high quality advisors like Jake, Mike and their groups have partnered with us to assist their purchasers work towards their monetary targets," stated Wealthy Steinmeier, LPL's managing director and divisional president of enterprise improvement. "We welcome them to the LPL household and sit up for supporting them for the long term.”
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