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LPL Financial has recruited advisors with $600 million in client assets from groups affiliated with Kestra Financial Partners.

Edward Charton has formed Charton Financial Group, which works with about $500 million in assets, and joined LPL’s hybrid platforms broker-dealer and corporate RIA platforms after leaving FMS Financial Partners.

He has worked in the financial services industry for over 40 years and is based in Los Angeles. His son Chad, who has 15 years of insurance experience, is part of the Charton team.

“We bring a unique set of skills to our new firm, in addition to a strong sense of teamwork,” according to Edward. “That teamwork combined with LPL’s scale and deep well of resources will allow our clients to benefit from objective and comprehensive advice, helping them work toward their long-term financial goals.”

PFP Financial and Insurance Services, led by Howard Fink, is now part of LPL’s hybrid platform. It has some $100 million of assets and used to be part of FMS Financial Partners.

Fink founded PFP more than four decades ago. “It used to take us two to three days to get a new client in the system,” he said in a statement. “LPL’s system takes two to three hours, which gives us an advantage with clients who want to move fast.”

Stifel Adds Reps

Stifel Financial says it has added advisors from Ameriprise Financial, Morgan Stanley and Wells Fargo with a total of $307 million of client assets.

Tom Brehm has joined the firm’s Southfield, Michigan, office from Ameriprise, where he was responsible for $127 million of assets.  

Brad Jolly, Gary Williams, and Robbie Walker are now part of a new Private Client Group office in Hot Springs, Arkansas – the firm’s third in the state. They used to be with Morgan Stanley, where they managed $61 million, $59 million, and $20 million, respectively.

Christina Karas moved to Stifel’s office in Boca Raton, Florida, from Wells Fargo Advisors, where she was in charge of $40 million in client assets.

“The third quarter is starting off well as financial advisors are becoming aware of our open architecture platforms,” according to John Pierce, Stifel’s head of recruitment.  “We continue to invest in entrepreneurs who want to grow at a firm that’s committed to minimizing bureaucracy.”

Raymond James Adds Complex Manager in Pittsburgh

Raymond James says it has a new complex manager for its employee channel in Pittsburgh, Pennsylvania: Randel Morris, CFP, who joined the firm from Hilliard Lyons, where he worked for 20 years — most recently as director of recruiting.

Morris now manages the Cranberry Township, Beaver, Oil City and Williamsport branches.

“Raymond James is a quality firm that is giving me an opportunity to grow and build out western Pennsylvania,” according to the new complex manager. “I wanted my new firm to have the size and capabilities to compete with the largest competitors, but with the culture and entrepreneurial spirit of a true regional firm. Raymond James gives me all of that.”

“We are thrilled to have Morris expand the western Pennsylvania market and retain our regional culture,” said , according to John Kuklenski, Northern division director for Raymond James & Associates.