LPL Financial says it recently hired an executive from MarketCounsel and recruited a $400 million team from Cadaret Grant.
Marc Cohen joined the independent broker-dealer last week as senior vice president-Strategic Business Development. Earlier, he was the chief operating officer of MarketCounsel, a compliance and consulting firm, where he worked for over 12 years.
“We are excited to have someone with Marc’s background and industry experience join LPL,” according to the IBD. “He will be a great addition to our leadership team within Business Development.”
This week, LPL said Wellesley Financial Planners of Red Bank, New Jersey, moved to its hybrid platforms. The group is led by Greg Spicer, who started Wellesley in 1984; it now includes five advisors.
Spicer has been in the business for 37 years and spent the past 25 with Cadaret Grant, which has about 900 advisors and was bought by Atria Wealth Solutions with the backing of Lee Equity Partners in October.