Recruiting Roundup: LPL Affiliated Reps Jump to Focus Financial, Form $600M RIA

Parallel Advisors, a fee-only multi-custodial RIA with $1.3 billion says it recently appointed Relura Horton as its new president and chief operating officer. In her new post, Horton will help the RIA execute its strategic growth plan.

Horton brings 16 years of experience in the independent financial services sector to Parallel Advisors. Most recently, she served as regional managing director of the West Coast for Fidelity Custody and Clearing Services and oversaw Fidelity’s Sales and Relationship Management efforts in the West.

“Our appointment of Relura Horton as president and COO of Parallel Advisors is the latest senior hire in a longstanding organizational strategy we have had in place since our firm’s inception,” said Parallel Advisors CEO and Principal CJ Rendic, in a statement.

“With Relura’s extraordinary knowledge of the independent financial advice space and extensive understanding of the needs of both advisors and end clients, we are well-positioned to accelerate our recruiting and retention efforts even further, and to achieve our goal of expanding to $10 billion in AUM within the next seven years,” Rendic explained.

Meanwhile, at Envestnet Retirement Solutions, Kelly Michel has been hired as chief marketing officer. With more than 25 years of experience in the retirement services industry, Michel is responsible for the firm’s strategic marketing initiatives. She was formerly vice president of sales and marketing for Newport Group.

“All areas of the retirement services industry are grappling with compliance challenges due to the new fiduciary standards,” she said in a statement. “In today’s rapidly evolving marketplace, ERS’s holistic approach to connecting advisors and recordkeeping service providers enables these parties to deliver transparency, fiduciary support, and improved overall results for plan sponsors and participants.”

Read the Sept. 29 Recruiting Roundup at ThinkAdvisor.