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$2B Trilogy Group Transitions From NPH to LPL

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Trilogy Financial, formerly part of the National Planning Holdings network bought by LPL Financial in August, says it will affiliate with the independent broker-dealer. The Huntington Beach, California-based group has some 150 financial advisors and over $2 billion in client assets.

“After a thorough review and careful consideration, we have determined that LPL Financial is the right broker-dealer partner for Trilogy,” said CEO and President Jeff Motske, CFP, in a statement.

Following the Aug. 15 announcement of NPH’s acquisition, Trilogy says it conducted “comprehensive due diligence” to decide whether to transition to LPL or move to another BD. The Trilogy leadership team “vetted nearly a dozen broker-dealer options, both large and small, before coming to a decision.”

The firm is “confident that this decision will provide a smooth transition in the short term for clients, as well as incredible long-term opportunities for our clients, advisors and the entire Trilogy family as we continue to grow,” Motske explained.

Meanwhile, Ameriprise Financial announced that it recently added a team of advisors from Wells Fargo Clearing Services with $369 million in combined assets under management.

David Neihart of Kansas City, Kansas, joined Ameriprise’s employee channel, along with Douglas Royle, Brent Neihart, Camden Fells, Eric Wynkoop and Johnnie Huff.

“After a nationwide search, we determined Ameriprise to be the best choice,” said David Neihart, in a statement. “We serve clients in 22 states, so we were attracted to Ameriprise’s strong reputation, brand and financial stability.”

The broker-dealer also announced advisors Jack Elgin and Neven Zelich of Canton, Ohio, have joined Ameriprise’s franchise channel from Mid Atlantic Financial Management. They have about $172 million in assets.

“After researching the landscape, we felt Ameriprise offered advisors the right mix of tools and resources to help drive a better client experience,” Elgin said in a statement.

“In particular, we like Ameriprise’s digital capabilities for clients. For our team, the technology will improve office efficiency in administrative tasks, and the regional team support we receive is key in helping us grow our business,” he explained.

Other Hires

Janney Montgomery Scott says former Merrill Lynch advisor Jenny D. Daly is now part of its Hackensack, New Jersey, branch office. Daly is a 17-year industry veteran with over $90 million in client assets.

“Jenny has been a trusted advisor to her clients for nearly two decades and we are delighted that she has chosen Janney as her home to continue building her practice,” said Thomas Croonquist, branch manager, in a statement.

“Her addition further solidifies Janney’s reputation as a destination firm for top-notch advisors seeking an entrepreneurial and client-focused culture,” he added.

Daly is a certified financial planner, certified divorce financial analyst and chartered retirement planning counselor.

U.S. Trust, part of Bank of America, says it hired the following advisors in a variety of positions in September:

  • James Carley is now working in its Hartford, Connecticut, office; he previously worked at BNY Mellon Wealth Management.
  • Robert Jones has joined the St. Louis office from Enterprise Bank & Trust.
  • Kevin Zimmermann is part of the Kansas City,Missouri, office; he previously worked at BOK Financial-Mobank Private Wealth.
  • Jonathan Miller has joined the Melville, New York, office from Bernstein Private Wealth Management.
  • William Davis moved to the Greensboro, North Carolina, office from Wells Fargo.
  • Jennifer Philbeck is now part of the Charlotte, North Carolina, office after leaving Mullen Holland & Cooper P.A.
  • Mary Beth Haut left Camden National Bank to work in the Providence, Rhode Island, office.
  • Jesse Esparza joined the Dallas office from the Vanguard Group.
  • Janet Jacobs is working in the Seattle office; she previously worked at Make-A-Wish.


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