stock photo of a magnifying glass and squares with symbols of people on them (Image: Shutterstock)

Advisor Group-affiliated broker-dealer SagePoint Financial has recruited Veater Financial Group, a Fresno, California-based wealth management practice with four financial advisors and $503 million in client assets that previously worked with LPL Financial.

The latest recruitment win comes two weeks after Advisor Group-affiliated BD Royal Alliance Associates recruited Pacific Capital Resource Group and its 40 advisors with $975 million in combined client assets.

The back-to-back announcements demonstrates the strong recruiting momentum Advisor Group said it is seeing across its network following its virtual national advisor conference, ConnectED Canvas, in October.

The announcement also comes nine months after Advisor Group wrapped up its purchase of several BDs previously owned by Ladenburg Thalmann.

Veater was founded in 2012 and offers fee-based investment management services, along with retirement, tax and estate planning. In addition to its president, George Veater, the firm includes advisors Brian Janssen, Aaron McKell and Darren Tali.

Veater was drawn to SagePoint and Advisor Group in part due to some new resources and platforms Advisor Group has rolled out in recent months, including its acquisition financing for advisors who want to buy other practices and enhanced marketing capabilities of the MyCMO platform, Advisor Group said Tuesday.

That’s in line with some of what Greg Cornick, president of advice and wealth management at Advisor Group, recently told ThinkAdvisor was driving advisor interest in joining his firm.

George Veater and his team are “exceptional professionals who have worked hard to successfully build a thriving practice, and we look forward to collaborating with them to further accelerate the growth trajectory of their business,” according to Jeffrey Auld, SagePoint CEO and president.

Advisor Group serves about 11,100 financial professionals, including SagePoint’s roughly 1,400 advisors, and oversees over $450 billion in client assets, it says.