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
Janney Montgomery Scott has added three registered reps to its branch offices in Glastonbury, Connecticut, and Columbus Grandview, Ohio. Together, the advisors have more than 50 years of industry experience and over $220 million in client assets under advisement.
Joining Janney in Glastonbury from RBC Wealth Management is a three-person team of Gary Halter, Benjamin Halter and Sharland Baker. Daniel Mickely has become part of the firm’s Columbus Grandview office after leaving J.P. Morgan Securities.
“We are thrilled that Gary, Ben, Sharland and Dan have chosen Janney as their destination firm and that they recognize the value of Janney’s boutique culture, client-centric philosophy and integrated technology platform,” said Jerry Lombard, president of the Private Client Group.
“Janney remains focused on attracting best-in-class advisors and advisory teams who share our firm’s diligent and goals-based approach to meeting clients’ needs and objectives,” he explained.
Gary Halter has over 35 years in the business and works with $140 million assets under advisement. He and Ben are the third and fourth advisors to join Janney’s Glastonbury branch office in 2018; this firm has eight experienced advisors to its Connecticut complex this year.
Mickley has been an advisor for about 15 years of experience and works with over $83 million in client.
With the addition of Mickley, Janney has added three advisors to the office this year. Together, they advise over $300 million in client assets.
Raymond James’ News
Raymond James says Timothy “Tim” Holcombe, CFP, has become part of its employee channel in Alpharetta, Georgia, after leaving UBS, where he managed some $119 million in client assets. Making the move with him is son Perry Holcombe; they do business as Holcombe Wealth Management.
“Raymond James understands that no one knows the client better than the advisor …,” according to Tim. “From the Bill of Rights for clients and advisors, to the tools and resources they provide, Raymond James is like a team member with me in helping my clients meet their goals.”
Tim has roughly 26 years of experience and started his career at First Investors Corporation and later worked at Merrill Lynch. Before joining Raymond James, he worked at UBS for nearly 10 years.
Perry began his career this year and is participating in Raymond James’ Advisor Mastery Program, the firm’s new advisor training program.
“Raymond James continues to be a destination for exceptional advisors in the Southeast, and we look forward to partnering with them as they grow their business,” according to Dick Ferguson, Southern division director for Raymond James & Associates.
Provise’s New Office
Provise Management Group of Clearwater, Florida, says it has opened an office in Tampa’s Westshore district.
“One of our firm tenets is the belief that financial planning is more than just a one-time event,” said V. Raymond Ferrara, CFP, who is chairman and CEO of Provise, in a statement. “By expanding into Tampa, we think we’ll be able to help even more people meet the goals that make the most sense for their situation.”
The group works with about 1,100 clients in over 30 states. The RIA has been in business for about 30 year and has about $1.45 billion in client assets.