LPL Financial says it recruited three financial advisors from rival firms with a total of $100 million in assets, as well as one registered representative with $180 million from Northwestern Mutual Investment Services.
Advisors Shawn Walton, Debbie Hawksworth and Richard Coloni joined the independent broker-dealer from Cambridge Investment Research, Edward Jones and Cetera Advisors, respectively, and formed a new office of Synergy Wealth Alliance, an existing LPL firm, in Orange City, Florida.
According to the IBD, the three advisors are longtime friends who “met at their country club in DeBary, Florida, just north of Orlando.” Walton and Coloni discussed combining their practices and developing a succession plan, and then Hawksworth told them she was looking to go independent.
“It turned into the perfect partnership, with all three of us bringing something to the table to complement each other going forward as we build out the group,” said Walton, in a statement.
“We want to grow organically but also through business acquisitions, and we know Synergy and LPL have resources to help guide us through that process,” Walton added.
Also moving to LPL is Lyle Weintraub, CFP, who has become part of Bleakley Financial Group. The Bleakley team is aligned to LPL via Private Advisor Group, an office of supervisory jurisdiction working with the IBD’s advisors.
Weintraub, a 24-year industry veteran, is now part of Bleakley’s base in Fairfield, New Jersey. He made the move with three staff members.