The spring recruiting season is picking up — with several broker-dealers bringing on financial advisors from Invest Financial Corp., and SII Investments, for instance.

LPL Financial bought the broker-dealer assets of Invest Financial, SII, National Planning Corp., and Investment Centers of America from National Planning Holdings in August 2017 for an initial price of $325 million.

Commonwealth Financial Network, for instance, says Riverstone Wealth Partners, of St. Charles and Naperville, Illinois, is now an affiliated team.

The former-Invest Financial affiliate is led by partners Jodi Manthei, Ken Koppitz, and Nancy Hayes, includes wealth advisor Kimberly Mika and works with some $263 million.

“Their commitment to their clients’ financial well-being has long been established and is the cornerstone of the qualities we look for in an advisory practice,” said Andrew Daniels, managing principal of business development for Commonwealth, in a statement.” We look forward to providing them with the services they need to continue to excel, from investment guidance and research to practice management and responsive technology solutions.”

Commonwealth works with nearly 1,800 advisors nationwide.

Securities America, part of Ladenburg Thalmann, says the $120-million wealth firm Morrison, Nordmann & Associates, completed its move to independent broker-dealer in the fourth quarter of 2017.

The East Lansing-based firm includes partners Scott Morrison and Matthew Nordmann, fellow advisor Michael Nordmann and two support staff. Earlier, it was affiliated with Invest Financial.

“We focus on helping our advisors do what’s best for their clients,” said Gregg Johnson, Securities America executive vice president of branch office development and acquisitions, in a statement. “Scott, Matt and their team are passionate about providing exceptional service to their clients, and we’re proud to partner with them.”

Securities America works with about 2,500 registered representatives with some $92 billion in client assets.

Kestra Financial says Griffin Financial Group has selected its independent advisor platform of choice to support its financial advisors. The firm, which has some $120 million in assets, is led by Kitt Griffin and Steven Livitz.

Griffin Financial is the 14th firm to join Kestra this year. It moves from SII Investments.

“With decades of experience under their belts, Kitt and Steven are well-positioned to take advantage of Kestra Financial’s next-generation technology and advisor support services,” said Daniel Schwamb, Kestra’s senior vice president of business development, in a statement.

Kestra support some 1,800 affiliated advisors.

RIA News

RIA Halite Partners has appointed Ric Butler to the post of chief financial officer and chief operations officer.

“Ric is an established industry leader with a proven ability to organize, manage and implement change across large business teams. His background and expertise in the institutional market will greatly benefit our clients, and we look forward to his contributions to the growing Halite team,” said founder and CEO Phil Shaffer, in a statement.

Butler joins Halite — which has six advisors and about $110.6 million in client assets — from J.P. Morgan Asset Management, where he worked for over 20 years.

In other news, Independent Advisor Alliance, an RIA that serves about 100 independent advisors with roughly $5 billion of retail client assets, says Jon Reidenouer is its new COO.

Reidenouer worked for LPL Financial for the past 12 years; he recently managed projects for the hybrid RIA division. IAA trades securities with the independent broker-dealer.

“Jon will be a great advocate for our advisors and bring an experienced and steady hand to our business operations, playing an instrumental part in helping IAA to continue to adapt and thrive at our rapid rate of growth,” said IAA founder and CEO Robert Russo, in a statement.