HighTower Nabs $1B Breakaway Duo in New York: Recruiting Roundup

Lifestyle Financial Advisors is in Friendswood, Texas, and has offices in Texas City and Deer Park, Texas, all in the Gulf Coast area. With the addition of the Laura Nagle practice, Lifestyle will now serve roughly $510 million in client assets.

“First Allied has dedicated significant resources to helping our advisors realize their expansion goals, and we are delighted to assist Lifestyle in continuing to fulfill its growth strategy of adding additional advisors to its business in the South Texas region,” added Keefe.

Advisor Jason R. Radakovich and his team recently moved their practice from Waddell & Reed to LPL Financial in Rock Springs, Wyoming. Radakovich manages over $156 million in client assets and has over 15 years of industry experience.

“In looking out for the best interest of my clients, I recognized that joining LPL Financial would provide me and my team the extensive tools, resources and support needed to administer service excellence,” said Radakovich in a statement.

The team’s practice, Full Circle Wealth Strategies, “is founded on four basic principles; honesty, trust, integrity and experience. LPL fully supports our mission and this transition will allow our team to exemplify our values while providing unbiased financial advice,” he added.

Holli L. Radakovich serves as operations manager, Jared W. Walker is an advisor; and Kelsey R. Abbott works as a client service specialist.

Beacon M&A News

In other news, Beacon Pointe Wealth Advisors said it recently merged with Walden Capital Advisors, a Philadelphia-based RIA with a team of five managing about $150 million in client assets. This is the second M&A transaction for BPWA in the past three months.

Jill Broder Steinberg, founder of Walden Capital Advisors, has more than 30 years of investment advisory and investment banking experience.

Beacon Pointe says it “breaks industry demographic stereotypes with an employee base that is more than 50% women, of which many are in leadership roles within the company and the majority of the firm’s department heads are women.

“Jill and her colleagues are phenomenal assets to the Beacon Pointe Team – their culture, their philosophical approach to client service and focus on financial planning resonate extremely well with our firm’s approach. We have a lot of talent joining the Beacon Pointe Family – smart, driven people with bright futures ahead of them and we are very excited to have them on board,” explained Matt Cooper, president of BPWA, in a statement.

In addition to Steinberg, Bryan Moylan, CFP, also moves to Beacon Pointe as an advisor, along with Stephanie Vogt, CFA, who is an associate wealth advisor, and Fran Gibson, a client service manager.

“We are extremely excited to join forces with the talented Beacon Pointe team and leverage the firm’s supportive resources to further enhance our clients’ experiences,” Steinburg said in a statement. “Our passion for serving and empowering female investors is also an important mission of Beacon Pointe, and our team is very excited about the alignment of philosophies and approaches to helping all clients achieve their financial and life goals.”

Steinburg and her team work with clients in the greater Philadelphia region, including parts of New Jersey.

The merger of Walden Capital Advisors will bring BPWA total assets under management to over $2 Billion. Including BPWA, RIA Beacon Pointe Advisors and Beacon Pointe Wealth Advisors, the combined entities have over $9.5 billion in combined assets under management.