In the News

LPL Financial and Private Advisor Group Welcome Global Advisor Group


CHARLOTTE, N.C., March 2, 2020 /GlobeNewswire/
LPL Financial LLC, a leading retail investment advisory firm and independent broker-dealer, today announced that Global Advisor Group has joined LPL Financial’s broker-dealer and hybrid registered investment advisor (RIA) platforms, aligning with Private Advisor Group, LPL’s largest third party provider of supervisory responsibilities and one of …

Ivy College of Business Names Berta Aldrich Women in Business Inspiration Award Winner for 2020


MORRISTOWN, N.J., February 19, 2020 /PRNewswire/

Private Advisor Group (PAG) is pleased to announce Berta Aldrich, Managing Director, Chief Marketing and Human Resources Officer, has been awarded the Ivy College of Business Women in Business Inspiration Award for 2020. The award recognizes a woman who has made a significant impact in …

Wealth Management Recognizes Private Advisor Group as One of the Fastest-Growing RIAs in the U.S.

Morristown, NJ — Dec. 10, 2019 / PRNewswire /
MORRISTOWN, N.J., Dec. 10, 2019 /PRNewswire/ — Private Advisor Group was recently recognized as one of the 200 fastest-growing Registered Investment Advisors in the U.S. by, an Informa business.
The 2019 Thrive Award was compiled by measuring the percentage revenue growth over …

Private Advisor Group’s Berta Aldrich named President of Financial Communications Society Philadelphia Regional Chapter


Morristown, NJ and Philadelphia, PA — October 24, 2019 / PRNewswire /

New focus will provide financial marketers local connections and national scale
Private Advisor Group (PAG), a leading advisor platform supporting more than 650 independent advisors and over $19 billion in AUM, announced today their Chief Marketing Officer has been named the …

Private Advisor Group provides succession to Advantage Investment Management


Morristown, NJ and Cedar Rapids, Ia. — October 22, 2019 /PRNewswire/

Acquisition will provide AIM RIA advisors and clients a seamless transition
Private Advisor Group (PAG), a leading advisor platform supporting more than 650 independent advisors and over $19 billion in AUM, announced today they were selected as the succession firm for Advantage …

Barron’s Ranks Private Advisor Group Among The Top RIA Firms

MORRISTOWN, NJ, September 23, 2019 /PRNewswire/

Private Advisor Group is pleased to announce it has been named to the 2019 Barron’s Top 50 RIA Firms, rising to the number three spot, up from number six in 2018.
The ranking comes off the heels of significant growth in RIA’s from 2018 to 2019, with …

Private Advisor Group to Offer eMoney Advisor’s Financial Planning Platform to Its Advisors


MORRISTOWN, NJ, and Radnor, PA, September 12, 2019 /PRNewswire/

Private Advisor Group announced today a new strategic partnership with eMoney Advisor, a leading provider of technology solutions and services that help people talk about money.
On September 12, 2019, Private Advisor Group launched their integrated client portal and …

Private Advisor Group Names New Chief Marketing Officer


MORRISTOWN, N.J., July 9, 2019 /PRNewswire/

Private Advisor Group, a leading independent advisor platform supporting more than 650 independent advisors and over $19 billion in AUM, announced today that Berta Aldrich has joined the company as managing director and chief marketing officer (CMO), effective June 17, 2019. She joins the executive team …

Private Advisor Group Named to 2019 Financial Times 300 Top Registered Investment Advisers


MORRISTOWN, N.J., July 8, 2019 /PRNewswire/

Private Advisor Group is pleased to announce it has been named to the 2019 edition of the Financial Times 300 Top Registered Investment Advisers. The list recognizes top independent RIA firms from across the U.S.
This is the sixth annual FT 300 list, produced independently by …

Private Advisor Group, Ameritas, and Four Additional Broker-Dealers Select AdvicePay as Shift Towards Fee-For-Service Movement Accelerates


Bozeman, Mont. (PRBWEB), Mar. 21, 2019 /Cision PR Web/
Six more hybrid RIA and broker-dealers follow Cetera’s recent adoption of AdvicePay to power fee-for-service model for advisors
AdvicePay, the only fee-for-service billing and payment platform designed exclusively for financial advisors, announced today that it has been selected as the payment-platform-of-choice for six hybrid broker-dealer and …

Popularity of Fee-for-Service Means More Clients for AdvicePay

By: Samuel Steinberger, Mar. 21, 2019 /
Co-founded by Michael Kitces and Alan Moore, AdvicePay has picked up six more enterprise clients since its January launch.
AdvicePay is bringing on six more enterprise clients, following the firm’s onboarding of independent broker/dealer Cetera Financial Group. The fee-for-service billing …

Hybrid RIA Power Play: $200M Northwestern Team Joins Fellow Alums

By: Tobias Salinger, Mar. 12, 2019 /
A Northwestern Mutual team with $200 million in client assets bolted to join fellow alums at an independent practice that’s now added 10 advisors in 20 months.
Advisors John Mara and Shaun Feldeisen have launched the Boston office of Bleakley Financial, the hybrid RIA practice said

LPL Financial Shares Zoom to All-Time High of $77, After New CEO Lets Brokers Sell Like Hell, and RIA Custody and OSJ Contracts Achieve New Balance

By: Lisa Shidler, Feb. 6, 2019 /

Dan Arnold steers Fort Mill, S.C. IBD giant on walk-and-chew-gum course that allows for juicing annuity sales, rebuilding RIA fee platform and squeezing more profits from less revenue.
Brooke’s Note: Sometimes share prices are misleading. More often, not. LPL gets lots of critical media because of the wrenching …

Why FAs Piled into ETFs Last Year and Will Further the Trend in 2019

By: Garrett Keyes, Feb. 5, 2019 /
Financial advisors used ETFs in client portfolios more than ever in 2018, Cerulli Associates data reveals. And market fluctuations, tax incentives, and increased comfort among older advisors may further the instrument’s popularity this year, sources suggest.
Allocations to ETF investments are “definitely going to increase in …

Private Advisor Group’s New Affiliation Model Faces Competition

By: Diana Britton, Jan. 15, 2019 /
While the model may be a huge departure for LPL and set PAG apart from other OSJs, the changes bring the firm up to par with what some other RIAs are already doing for wirehouse brokers looking to build their own business.
Private Advisor Group, a hybrid registered …