Recruiting continues to be on a roll in late-'16.

LPL Financial (LPLA) says it has recruited a hybrid RIA formerly affiliated with Voya Financial: Albany, N.Y.-based Capital Financial Planning, which includes 18 advisors with some $650 million of client assets.

“We welcome Capital Financial Planning to LPL. They, like many advisors and firms during this unique time in our industry, were looking for the support and resources that could help them to manage and grow their business within an increasingly complex regulatory environment,” said Craig Kamis, LPL senior vice president of large enterprises and institutional recruiting, in a statement. “We are proud they recognized our leading position in the independent space.”

For their part, the advisors say they are pleased to have access to the independent broker-dealer’s diverse resources in order to support its business model.

“With our own RIA, we are able to give our advisors and clients the best of both worlds—to be able to offer both a brokerage and a fee-based advisory business model,” explained Capital Financial president and CEO Todd Slingerland, in a press release. “It also allows us to be positioned to attract other registered investment advisors to our firm to support our growth goals.”

Capital Financial has eight professional staff and offices in Albany and Clifton Park, N.Y. Slingerland, who has close to 30 years of industry experience, founded the firm in 2003.

“We are thrilled with Capital Financial‘s decision to transition to LPL. I appreciate that so many processes are automated with LPL’s technology and service offering,” said Adam Neary, principal of the Neary/Luczak Group, an independent-advisor firm affiliated with Capital Financial, in a statement. “I can spend more time working with my clients, which is where the value is for me so I can be best positioned to grow my business.”

LPL had some $500 billion in advisory and brokerage assets as of Sept. 30.

Raymond James’ Recruiting

Meanwhile, Raymond James Financial (RJF) says its employee-advisor channel has added a team from Bank of America-Merrill Lynch (BAC) in the greater New York area with about $300 million in client assets under management.

DiVestea Wealth Partners is led by Joseph DiViestea and Mark Mezzone. The group will operate in Danbury, Connecticut, until Raymond James’ new office in Mt. Kisco, New York, is ready in the spring.

“We are delighted to welcome [the team] to Raymond James,” said Tom Galvin, North Atlantic regional director for Raymond James & Associates, in a statement. “They are an exceptional team with a great reputation, and we believe, as they tap into all the tools and resources we have to support both their practice and their clients, they will be successful in growing their business even further.”

“We decided to partner with Raymond James for its strong culture and commitment to client service,” explained DiVestea, in a press release. “Here, we have the flexibility to brand ourselves as financial planners and showcase how we can differentiate ourselves from the competition.”

DiVestea began his career in financial services in 1990 at Lehman Brothers and then spent 17 years at Smith Barney, prior to joining Merrill Lynch in 2007. Mezzone started his work in the business at Merrill Lynch in 2014, after working for several years at Deloitte Consulting.

In other news, Raymond James says advisor Roger Veome will become a regional executive for Alex. Brown’s office in Chicago. Veome, who manages about $260 million in client assets, joined Raymond James & Associates in May 2016 along with advisor Thomas Morrill; their aim at the time was to transferr to Alex. Brown when Raymond James closed the acquisition of this new division.

(Veome will continue to serve clients while operating as regional executive.)

“I couldn’t be more proud that Roger has accepted our offer to become the leader of Alex. Brown wealth management in Chicago,” said Francis McGrail, managing director of the central region for Alex. Brown, in a press release. “Roger exemplifies the value and culture that has been the Alex. Brown tradition for the last 200 years. His experience as a financial advisor and business manager make him a great fit to lead our efforts in this important market.”

Veome began his financial-services career in 1996 with Global Investment Services and went on to work for Donaldson, Lufkin & Jenrette/Credit Suisse; Jefferies & Co., and Morgan Stanley, where he was an executive director in the Private Wealth Management Group and was named Family Wealth Director.

Papazian Update

Ruth Papazian, a former marketing executive at both LPL Financial and H.D. Vest Financial Services, has joined the public-relations firm Haven Tower Group as chairperson.

“It’s a pleasure to join a team that is recognized for providing a boutique consultancy client-service experience, together with the expertise and resources usually available only at large agencies,” she explained in a statement. “Haven Tower is more than a PR firm – it is a strategic communications think tank with a bias for action and an unparalleled ability to act as a ‘connector’ among industry thought leaders.”

For more career news, read last week’s Recruiting Roundup.