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July 25, 2019 at 10:16 AM
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.
