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November 14, 2018 at 10:10 PM
(Photo: Thinkstock)
LPL Financial says three advisors with about $300 million in assets has joined it from Wells Fargo’s independent channel in Lodi, California: Levy, Daniel and McGee Wealth Management, founded in 2012 by Kenneth Levy, Corey N. Daniel and Dudley McGee.
“We chose LPL for their service and support and because we wanted an independent partner that gives us the choice and freedom to serve our clients’ best interests, which is fundamental to our business model,” according to McGee.
In other news, Mary Pascarella, founder of Perennial Financial Planning, moved to LPL from Cetera Advisors; she works with $110 million of assets, is based in Parsippany, New Jersey, and partners with her sister Bernadette Sheehan.
“I have been in the business 27 years, always with the same partner … ,” according to Pascarella, a mother of three and grandmother of seven. “I have a responsibility to bring the best resources and tools to the table for my clients. I believe LPL is the right partner to support my business and my clients.”
“Mary’s success as an independent business owner is commendable. We are proud she takes seriously our commitment to making ongoing investments in technology and innovative capabilities to deliver enhanced value to her clients,” said Rich Steinmeier, LPL Financial managing director and divisional president of Business Development, in a statement.
Developments at Ameriprise
Over at Ameriprise Financial, Bill Pickles and his brother Michael Pickles of Tacoma, Washington, joined its franchise channel from LPL Financial. Their practice does business as Cornerstone Financial Strategies and has other locations in Olympia, Washington, and Ontario, California; it has about $217 million in assets.
“Ameriprise can handle our multiple office approach through one common platform. Our clients are high net worth investors and business owners,” according to Bill.
They are joined by Sue Pickles, office manager and wife of Bill Pickles; Jim Feist, advisor; J.B. Wilson, advisor; Laura Baker, operations director; Tiara Spraggin, financial planning specialist; Brad Berger, advisor; Andy Vernon, advisor; Stacie Leake, advisor and her son Erik Leake, para-planner.
Recruiting at Hilliard
Hilliard Lyons says it has welcomed six wealth advisors over the past three months, including a father-son team in Cranberry Township, Pennsylvania, and others in Indianapolis; Knoxville, Tennessee; and Columbus, Ohio. Together, these advisors bring with them more than $450 million in client assets and over 100 years of combined experience in the field.
“We have been on something of a roll in recruiting this fall. Some of that is simply because we strive to make Hilliard Lyons a destination of choice for both wealth advisors and clients,” according to Alan Newman, executive director of Private Wealth. ”But we have also focused more intently on recruiting, and that is paying off.”
Terry Sanctis and his son Zach Sanctis together set up a new Hilliard Lyons branch in Cranberry Township. Earlier, Terry spent 27 years with PNC Investments for 27 years and managed about $187 million in client assets. Zach has three years in the business at Federated Investors.
Adam Burnett is now a Hilliard Lyons advisor in Knoxville. He has worked in the industry for more than 20 years, most recently with SunTrust Investment Services, where he had had some $70 million in client assets.
Christopher Conley, CFP, was previously with UBS Financial Services in Columbus, where he worked for 24 years and managed about $70 million in assets.
Aaron Frye joined Hilliard Lyons’ Indianapolis branch with 16 years of experience and some $55 million in client assets. He spent the past seven years at Raymond James.
Shane Prier departed JPMorgan Chase in Columbus to become part of Hilliard Lyons’ Columbus-North branch in Ohio. He has been an advisor for 14 years and works with about $80 million in client assets.
Janney’s Latest Hires
