In the News

LPL to Waive Mutual Fund Ticket Fees on New Hybrid RIA Platform

April 26, 2018 – Financial Planning
LPL Financial’s hybrid advisors will pick up a lower-cost option for their clients’ mutual fund investments on a new platform set to roll out later this year. Some financial advisors on the firm’s corporate RIA will also see reduced prices, starting next year.
Advisors using the No. 1 independent …

How to Judge if an FIA Fits a Client’s Portfolio

April 25, 2018 – Financial Planning
ATLANTIC CITY, N.J. — Clients and their financial advisors have grown increasingly interested in fixed index annuities as the products tie in new benefits while becoming simpler, but they’re still not always the right choice.
Advisors need to weigh the tradeoffs of FIAs, which can include fees, the costs …

3 Ways To Grow Your Business To $15 Billion

13.04.2018
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April 9, 2018 – Financial Advisor Magazine
Editor’s Note: This article is based on Steve Sanduski’s podcast interview with John Hyland, co-founder of Private Advisor Group. To access more than 100 interviews with industry leaders, subscribe for free to Steve’s podcast, Between Now and Success by clicking here.
“I just had this a-ha …

The Secret Wirehouse Plan to Replace Aging Advisors … With Their Kids

13.04.2018
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April 4, 2018 – Financial Advisor IQ
Can the adult-age children of wirehouse financial advisors replace their parents – and thereby help the large brokerages cling to their dominance in the asset-management business?
Some wirehouses have taken steps to encourage just such a scenario. At Wells Fargo Advisors, 18% of participants in its …

What Do the Ironman, Death, and More Than 600 Advisors Have in Common?

April 2, 2018 – Belay Advisor

John Hyland was unhappy.
Fresh out of college, the big firm lifestyle of late nights and steak dinners had taken a physical toll. John felt unhealthy and out of shape.
At a tailgate party he heard some friends talking about Ironman races, how impossible they seemed, how no average person …

LPL’s Largest Hybrid RIA Adds 57 Advisors, Tops $14B in AUM

February 12, 2018 – Financial Planning Magazine
LPL Financial’s largest hybrid RIA, Private Advisor Group, added $10.4 million in gross dealer concessions through recruiting in 2017, boosting its assets under management to more than $14 billion and its total client assets over $27 billion.
Private Advisor hired 57 new advisors from firms like Ameriprise, Wells …

LPL Financial’s DOL-Rule Memo to Reps Implies Deeper Message: Become an RIA or Stand Down on Giving Rollover Advice

6.07.2017
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July 5, 2017 – RIABiz.com – The ‘deep-pocketed’ broker-dealer puts its Series-7 brokers on notice to forget about suggesting a rollover even as it gives its hybrid RIAs a strict protocol to stay out of trouble.
LPL Financial is taking steps to avoid accusations of placing big DOL pitfalls in the path of its …

Private Advisor Group Named to 2017 Financial Times 300 Top Registered Investment Advisers

30.06.2017
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June 22, 2017 – Private Advisor Group is pleased to announce it has been named to the 2017 edition of the Financial Times 300 Top Registered Investment Advisers. The list recognizes top independent RIA firms from across the U.S.
“We are honored and delighted to be chosen as a part of this esteemed group of …

‘Approachability’ continues to be the one-word descriptor of what separates good RIAs from the ones who struggle

March 23, 2017 — 3:45 PM EDT by Guest Columnist Abby Salameh – RIABiz.com – Money is a prickly topic so channeling your inner porcupine, leaving people hanging by the receptionists desk and delivering monologues about smart-beta is dumb.
Brooke’s Note: This article is about RIA approachability. All things equal, it might be all that matters. …

Joshua Anglin & Thomas Compernolle Join Private Advisor Group

Private Advisor Group is proud to announce that Joshua Anglin & Thomas Compernolle have joined its network of advisors. Joshua & Thomas come to us from Ameriprise Financial Services in Independence, OH. Welcome Joshua and Thomas!

Momentum Continues as Private Advisor Group Adds Another Million Dollar Producer to its Network

PAG Welcomes JBL Financial Services, Inc.
November 21, 2016 – Morristown, NJ – Private Advisor Group, a 10+B Registered Investment Advisor and LPL Financial’s largest enterprise1 announced today that another successful advisor has joined the ranks. JBL Financial Services, Inc, a financial advisory firm located in St. Louis, MO with over 100M in AUM has partnered …

In a continued trend of advisors moving to independence, Private Advisor Group Welcomes Johnston & Associates Private Wealth Advisors from Ameriprise

This marks the 68th advisor joining PAG year to date
November 7, 2016 – Private Advisor Group, a 10+B Registered Investment Advisor and LPL Financial’s largest enterprise1 announced today that another Ameriprise advisor has joined the ranks. Johnston & Associates, a financial advisory firm located in Canonsburg, PA with over 100M in AUM has partnered with …

Private Advisor Group Helps Their Independent Advisors Grow by Choosing BizEquity to Dominate Business Owner Market

2.11.2016
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BizEquity Will be offered to their 600+ advisors at a significant discount to help drive growth
November 4, 2016 – Private Advisor Group, a 10+B Registered Investment Advisor and LPL Financial’s largest enterprise1 announced today they have entered into a strategic relationship with BizEquity, the world’s leading online provider of business valuation and performance …

Dana Johnston has joined Private Advisor Group

Private Advisor Group is proud to announce that Dana Johnston has joined its network of advisors. Dana has come to us from Ameriprise Financial in Canonsburg, PA. Welcome Dana!

After LPL Leaves FSI, Two of Its OSJs Become Members

7.10.2016
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By Diana Britton
October 4, 2016
WealthManagement.com
LPL Financial decided to leave the Financial Services Institute earlier this summer, but now three of its largest offices of supervisory jurisdiction have joined the advocacy organization.
FSI just recently allowed OSJs of non-member firms to join, and Advantage Financial Group, Private Advisor Group, and Integrated Financial Partners, all affiliated …

LPL super OSJs join FSI, helping it regain ground

7.10.2016
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By Michelle Zhou
October 4, 2016
FinancialPlanning.com
The Financial Services Institute may have lost LPL Financial as a member, but it is regaining ground by welcoming three super OSJs affiliated with LPL to its roster.
In its latest membership update, the Washington-based industry group named 15 new firms, among them Private Advisor Group, Advantage Financial Group and …

After LPL Exit, FSI Opens Door To Some OSJs As Corporate Members

7.10.2016
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The Financial Services Institute, the main trade group for independent broker-dealers, has opened its doors to independent branches of certain brokerage firms. FSI, which lost LPL, its largest member in March, announced Tuesday that among 15 new firms joining this year, three were large offices of supervisory jurisdiction (OSJs).

After LPL walks away from FSI, two large branches join the trade and lobbying group

5.10.2016
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10/04/2016 Investment News – Advantage Financial Group and Private Advisor Group take advantage of a policy change to join the organization that represents independent broker-dealers.
The Financial Services Institute, the independent broker-dealer industry’s largest trade and lobbying group, saw the largest company in the industry, LPL Financial, walk out the door earlier this year.
FSI and LPL …

15 Firms, Including 3 Super OSJs, Join FSI

4.10.2016
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One of the new member firms is affiliated with LPL Financial, which is not a part of the industry group itself
By Janet Levaux
October 4,2016
ThinkAdvisor.com

The Financial Services Institute says 15 firms have come on board as members so far this year – mainly due to the Department of Labor’s fiduciary rule. Also, FSI is …

Large Registered Investment Advisor (RIA) Joins FSI to Advocate for Independent Advisors

10/04/2016 Morristown, NJ – Private Advisor Group, LPL Financial’s largest enterprise and a $10.5B RIA, announced today that it has joined the Financial Services Institute (FSI) as a firm member.
“We are extremely passionate about staying on the forefront of the issues that impact independent financial advisors,” said Pat Sullivan, Managing Director and Chief Compliance Officer …

Private Advisor Group Named to 2016 Financial Times 300 Top Registered Investment Advisers

16.06.2016
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MORRISTOWN, N.J., June 16, 2016 /PRNewswire/ — Private Advisor Group, LPL Financial’s largest enterprise and a $9.6B RIA, announced today that it has been named to the Financial Times 300 Top Registered Investment Advisers for the third year in a row. The list recognizes top independent RIA firms from across the U.S.
This is the …

Institute for the Fiduciary Standard Launches Campaign for Investors

31.05.2016
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Philadelphia, PA, May 24, 2016 – The Institute for the Fiduciary Standard today launched its Campaign for Investors, a groundbreaking initiative to help investors find financial advisors who best meet their needs and serve their interests first.
Introduced at a ceremony at the National Constitution Center in Philadelphia, the Campaign event was kicked off with remarks …

Local Morristown Company Gives Hope To Grieving Children and Teens

(Morristown, NJ) – “There is not one of us who has not been touched by seeing a friend or a family member pass away and leave children and spouses alone to deal with the grief. No one should have to cope with that alone,” said Abby Salameh, Chief Marketing Officer at Private Advisor Group (PAG).
Private …

LPL Financial Holdings Inc. (Nasdaq: LPLA) and Private Advisor Group to Ring The Nasdaq Stock Market Closing Bell

20.04.2016
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What:
LPL Financial Holdings Inc. (Nasdaq: LPLA), a leader in the retail financial advice market, and Private Advisor Group, the largest1 hybrid solution on LPL’s hybrid RIA platform with 9.72 billion assets served, will visit the Nasdaq MarketSite in Times Square.
In honor of the occasion, John Hyland, Managing Director, Private Advisor Group, will ring the Closing …

Expanding Growth and Demand for Independence Leads Private Advisor Group to Hire Industry Veteran to Head Business Development

MORRISTOWN, N.J., April 12, 2016 /PRNewswire/ — Private Advisor Group, LPL Financial’s largest enterprise and a $9.6B RIA, announced today that Charlie Latimer has joined the firm as Director of National Recruiting.
“We are delighted to add Charlie to our organization,” said John Hyland, Managing Director of Private Advisor Group. “His depth of experience recruiting financial …