Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Industry Spotlight > Broker Dealers

Prudential Team With $450M Moves to LPL

By Janet Levaux

X
Your article was successfully shared with the contacts you provided.

A team of six advisors with about $450 million in assets has left Prudential Securities to affiliate with LPL Financial (LPLA), the firm said Wednesday.

The group, Capstone Affluent Strategies, is transitioning to become an independent wealth-management firm in Newport Beach, Calif. It is being led by Darin Pastor, formerly of Prudential and JPMorgan Chase & Co., and plans to have additional branch offices locations in Los Angeles, San Francisco, Phoenix, Dallas, Houston, New Orleans, New York and other locations.

Capstone Affluent Strategies also plans to bring on 15 more advisors to the firm within the next two months, according to LPL.

“It is with great pleasure that we welcome Capstone Affluent Strategies to LPL Financial,” said Bill Morrissey (left), executive vice president of business development at LPL Financial, in a press release. “Darin and the members of Capstone Affluent Strategies have been widely recognized throughout the industry over the years for a commitment to client service, and an ability to develop innovative wealth management solutions.”

Pastor was ranked as the top-producing senior investment manager in the nation in 2009 and 2010 while at JPMorgan Chase, and in 2012 when he was with Prudential, according to LPL.

“Our team of highly qualified advisors is excited about the move to independence and what it means for our performance,” said Pastor, in a statement. “We are all confident that this migration will enhance the services and strategies we provide to our high net-worth clients.”

As part of this move, Capstone Affluent Strategies is affiliating with the broker-dealer and RIA platforms of LPL Financial.

“We believe their decision to partner with LPL Financial will further empower their ability to provide comprehensive support and services to their clients, and support their team even as they embark upon a new stage of growth and development for their business,” Morrissey said.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.