Life Brokerage Financial Group, which manages about $1.6 billion in client assets, is moving to LPL Financial in mid-February. It formerly worked with INVEST Financial Corporation, which LPL acquired in August.
“We are looking forward to joining LPL to further support our clients and grow our business,” said Gary Richardson, president & CEO of Life Brokerage in a statement. “In an ever-changing industry, LPL has its hand on regulatory changes and, therefore, is on the leading edge of developing products and platforms to support the new era of financial services.”
Richardson, who has over 30 years of financial services experience, formed Life Brokerage Financial Group in 2009 in Clearwater, Fla. It has offices in the Seattle and Minneapolis areas, supports 80 advisors and has 40 full-time staff.
Scot Morris, Alex Brand, Alicia Borghi and Barbara Wiltshire do business as Z3 Capital Partners, which has some $350 million in client assets and about $2.5 million in annual fees and commissions. The four advisors have over 100 years of combined industry experience.
RBC Wealth Management said it recruited a team from Wells Fargo Advisors with four registered representatives and some$600 million in assets: Troy, Caiaze & Reed Wealth Planning Counselors, which are now part of the recently opened RBC office in Farmington, Connecticut, according to Aaron Scott, director of RBC’s Hartford complex.