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.