LPL Financial has recruited seven advisors with $1.1 billion in assets from Raymond James’ independent channel to its hybrid platform. Meanwhile, Carson Partners, part of Ron Carson-led Carson Wealth, said it has added two wealth management firms: Bender Financial Services and Morgan Wealth, which have a total of nearly $200 million in client assets.
The registered representatives joining LPL do business as PacNorth Retirement Group of Spokane Valley, Washington. The team includes veteran advisors RC Roland, Chad Roland, Blair Roland and Gary Douvia, formerly with RDH Investments; and Garry Borders, Matt Borders and Joel White, previously with Borders, White & Tait.
(RC Roland is the father of Chad and Blair Roland; Garry Borders is the father of Matt Borders.)
“With a large retirement plan business serving hundreds of individuals and dozens of companies, we were looking for a partner that could provide the tools and resources to operate more efficiently,” according to RC Roland. “We were impressed by LPL’s capabilities and technology, and how the integrated platform can streamline and improve how we can work with clients.”
RC Roland has been in the business for 45 years. He spent the past eight with Raymond James and started his advisor career at Merrill Lynch in 1974. Garry Borders has worked as an advisor for 34 years and was with Raymond James for about a year.
“The PacNorth team plays an important role to help their clients at each stage of their financial lives. We welcome them to LPL and are committed to investing in the breadth of wealth management resources that help them be successful meeting the needs of their clients,” said Rich Steinmeier, LPL Financial managing director and divisional president, Business Development, in a statement.