A trio of advisors with about $1 billion in managed consumer belongings is ditching their LPL affiliation to hitch Raymond James by way of the agency’s impartial channel.
Utah-based Jaden Gurney, Trevor Hanson, and Jonathan Rogers moved from Zions Financial institution and LPL to Raymond James Monetary Providers, one in all a number of advisor/group strikes introduced Monday.
The advisors have workplaces all through Utah, in Salt Lake Metropolis, Richfield and St. George. They work with enterprise homeowners, near-retirees and purchasers who’ve already retired.
Monetary Advisor Katie King and consumer companies managers Jesica Mangum and Elisa Meacham can even make the journey to Raymond James. Based on Hanson, superior tech and companies had been “massive attracts” for the group, whereas Gurney mentioned the transfer allowed them to boost “relationships and take a extra well-rounded method” to assist purchasers.
Based on SEC data, Gurney spent 12 years within the trade, beginning in 2013, with Transamerica earlier than becoming a member of LPL in 2015. Hanson is a United States Air Drive veteran who labored as an plane mechanic. He joined Key Financial institution in 2006 after a short stint at Wells Fargo and has been affiliated with LPL since 2015.
Based on SEC data, Rogers has greater than 13 years of expertise. He grew to become an advisor in 2014 and briefly joined Constancy earlier than linking up with LPL.
In 2015, LPL acquired Zions Financial institution’s wealth administration program, which held about $57 billion in complete belongings and had greater than 450 workplaces throughout the West and Southwest (together with Utah, Idaho, Wyoming, California, Texas, Arizona, Nevada, Colorado, New Mexico, Washington and Oregon).
J.P. Morgan Wealth Administration Provides Advisor Managing $600M
Michael Lopes, a Washington, D.C.-based advisor managing greater than $600 million in belongings, is becoming a member of J.P. Morgan Wealth Administration as a wealth companion.
Lopes got here from Bernstein Non-public Wealth Administration, the place he targeted on entrepreneurs and enterprise homeowners.
Consumer Service Affiliate Braxton Ransaw will be part of Lopes within the transfer. He’ll report back to Market Chief Kim Bonanni, who reviews to Northeast Regional Director Rick Penafiel. Lopes first joined Bernstein in 2014, based on SEC data.
Wealthspire Acquires ‘Life-style Providers’ Agency
Wealthspire Advisors, a New York Metropolis-based registered funding advisory agency owned by international insurance coverage brokerage NFP, unveiled its acquisition of Judith Heft & Associates on Monday.
Wealthspire CEO Mike LaMena mentioned the acquisition was a part of a broader effort to broaden the agency “past conventional wealth administration.”
“Wealthspire is dedicated to offering holistic and personalised companies to our purchasers throughout the wealth spectrum,” LaMena mentioned. “Judy and her group of execs will transcend invoice pay companies to streamline purchasers’ way of life wants.”
Based on a Wealthspire spokesperson, Judith Heft & Associates isn’t an RIA or “typical” service supplier and doesn’t immediately handle consumer belongings. As an alternative, they carry out “high-touch and way of life” companies, serving to households develop and preserve spending plans, invoice pay and monetary reporting.
In addition they assist purchasers with government help, skilled group, journey companies, vendor negotiations and normal oversight, based on a Wealthspire spokesperson.
Wealthspire’s 110 advisors handle $27.4 billion in asset throughout 23 workplaces all through america.