LPL Financial says it has recruited a $700 million team with six advisors from MML Investor Services in Salt Lake City, Utah.
The group includes Brian Kasteler, Joseph Taylor, Nathan Woodward, Jorge Becerra, Michael Donaldson and Patrick Latimer of Intermountain Financial Partners, who are now using LPL’s hybrid platform.
The news comes about two weeks after LPL attracted Highlander Financial Group, a group with six advisors and $240 million in Rockville, Maryland, which also formerly worked with MML.
“We believe that LPL is the best firm to elevate our wealth management services and capabilities. With their partnership, we have the freedom and flexibility to manage our clients in a way that helps them work toward their financial goals,” according to Kasteler.
The firm serves high-net-worth professionals, retirees, business owners, qualified retirement plans and entrepreneurs. It includes administrative staff Jenna Rosa, Erica Spencer, Colton Kasteler, Haley Glenn and Lisa Becerra.
“We welcome the Intermountain Financial Partners team to LPL, and look forward to being their partner as they build and grow their practice. Our prime focus is to put advisors at the center of everything we do,” said Rich Steinmeier,managing director and divisional president, Business Development, for LPL in a statement.
Separately, LPL said it has been named a Winning “W” Company by 2020 Women on Boards. The organization chose to recognize LPL, which has three women on its nine-member board of directors, for its commitment to gender diversity.
“The diversity of our board of directors represents a deep-rooted commitment to our clients, employees and investors to be an industry leader in diversity and inclusion,” according to LPL Managing Director and Chief Human Capital Officer Sallie Larsen.
LPL’s board members include Paulett Eberhart, Allison Mnookin and Anne Mulcahy.
2020 Women on Boards hosts an education and advocacy campaign committed to having at least 20% of all public company board seats held by women by next year.
As of 2018, the percentage of board seats held by women was nearly 18%, up from 16% in 2017, the organization says.
Raymond James’ News
Raymond James’ employee channel has welcomed Complex Manager Ari Litvin to its Denver operations, which includes three branches in Denver, two branches in Boulder, and a branch in Fort Collins. He joins Raymond James & Associates from Wells Fargo.
“After admiring Raymond James from a competitive standpoint for the past two years, I am ready to become part of the organization,” according to Litvin, CFP. “As a Colorado native, the opportunity to join Raymond James in my home town is a dream come true.”
The professional spent the last 11 years with Wells Fargo, most recently as its managing director and complex manager of the mid-South complex, which included 95 advisors in 13 branches in western Tennessee, Mississippi and northern Louisiana.