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Financial Planning > Behavioral Finance

LPL Picks Up $800M Seattle Group From Rival: Recruiting Roundup

By Janet Levaux

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LPL Financial says Seattle First Asset Management has joined its broker-dealer and corporate registered investment advisor platforms. The firm has about $800 million of client assets and formerly worked with Signator Investors.

Founded in 2012 by Steven Jones, the firm’s roots date to 1954 when Floyd Jones, Steven’s father, began work as an an investment advisor The younger Jones became an advisor in 1986. “It was a common discussion around the dinner table. My father was a wonderful mentor,” according to Steven. (Floyd Jones worked with his son until he died earlier this year at age 90.)

“LPL’s technology can help us deliver better service and more value to our clients. The capabilities that come with having an integrated platform were important features as well. Being able to streamline many processes will create a better experience for our clients,” the advisor said.

“We’re excited to have this opportunity to support a second-generation firm like Seattle First,” said Rich Steinmeier, LPL managing director and divisional president, Business Consulting, in a statement.

“We look forward to providing the Seattle First team the tools, expertise and investment solutions that will support their continued growth,” he added.

In other news, Arrow & Bow Wealth Advisors just moved to LPL’s broker-dealer platform and aligned with Good Life Financial Advisors, an independent advisory firm on LPL’s hybrid RIA platform. The Charlotte, N.C.-based group’s members formerly worked with Foresters Financial Services.

Arrow & Bow has about $110 million of client assets. The group was founded this summer by financial advisor Elizabeth Leventis and husband Jason Leventis, who serves as operations manager. It includes wealth advisors Scott Ingold and Deena Wilson, as well as a team of client-service professionals.

“LPL’s capabilities and infrastructure lay a strong foundation for us to deliver on our client-first approach. The firm’s tools and technology make it easier for us to manage our practice, which allows us more time to focus on our clients,” according to Elizabeth.

 Raymond James’ New Hires

The broker-dealer added advisor Judy T. Ross, AAMS, to its independent channel from Wells Fargo Financial Network in Woodstock, Georgia, according to Todd Gartrell, Southeast regional director for Raymond James Financial Services.

Ross manages about $245 million in client assets. The group she leads operates as J. Thompson Ross Investments.

“Raymond James’ planning tools and technology capabilities are impressive, and reinforce the firm’s commitment to its wealth management business,” according to Ross.

She has been a financial advisor for more than 25 years and began her career at First Union Brokerage Services, transitioning to A.G. Edwards & Sons in 2001 and remaining with the firm through its acquisition by Wells Fargo. Before working as an advisor, Ross worked in consumer and business banking for 12 years.

“Judy leads an exceptional team that truly operates with a client-first approach, and I’m pleased that she found the resources, support and culture at Raymond James to be the best fit for not only their team going forward, but also their clients,” according to Gartrell. “We look forward to our partnership with them and to providing the support they need as they continue to grow.”

Meanwhile, Raymond James’ employee channel has welcomed former Wells Fargo advisor James Wildman to its Denver operations, according to Pat Allison, Western division director for Raymond James & Associates. Wildman has managed roughly $160 million of client assets.

“I decided to come to Raymond James because of the reputation of the firm among my peers as being a client- and advisor-friendly firm,” said Wildman in a statement. “With the support they provide, advisors have the freedom to focus on working closely with clients on their unique financial plans.”

Wildman started his financial-services career in 1998 with Everen Securities, after serving four years in a security force company within the United States Marine Corps. He later worked at Prudential Securities, and prior to joining Raymond James, he was with Wells Fargo for nearly 18 years.

“It’s a pleasure to welcome James to the firm,” said Allison. “His dedication to his clients’ well-being makes him a great addition to our Denver complex as we continue to grow our presence in the Western U.S.”

Ameriprise News

Dale Cebert of The Villages, Florida, has joined Ameriprise Financial from FSC Securities.

Cebert moved with advisors Chad Noble, Mark Dickerson, Alec Thomas, Scott Maxwell and Keriann Mitchell. The team does business as Cebert Wealth and works with $444 million in assets.

“We chose Ameriprise because it was the best fit for our clients and our practice when we considered culture, technology, platform, and brand recognition. With all the consolidation going on in the industry, we wanted a partner that has the resources and vision to help us excel now and in the future,” according to the advisor.

Janet Levaux

@Think_JanetL

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