Woodbury Financial Services, part of the Advisor Group of independent broker-dealers, says it has recruited two teams with about $378 million in client assets.
The IBD, which has some 1,200 affiliated registered reps, says Life Wealth Principles and National Financial Advisors have joined it from NEXT Financial and Kestra Financial, respectively.
The news comes one month after Woodbury completed its purchase of Capital One’s in-branch, full-service investment management and brokerage division. It now has $39 billion in assets under advisement.
Life Wealth has managed about $312 in AUA and is based in Golden, Colorado. National Financial Advisors has its headquarters in Denver, where its advisors work with roughly $66 million in AUA.
“Woodbury’s recruiting efforts are underpinned by a core belief that advisors perform vital work, and deserve custom, specialized services that meet their specific needs,” explained Woodbury President & CEO Rick Fergesen, in a statement.