In the News

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 …

LPL Affiliate Private Advisor Group Launches New Plan to Attract Wirehouse Brokers Who May Want to Go RIA


By: Bruce Kelly, Jan. 10, 2019 /
A key part of the plan is LPL’s agreeing to waive a custody fee.
LPL Financial‘s largest affiliate, Private Advisor Group of Morristown, N.J., is launching a new platform its partners believe will give it the ability to attract wirehouse brokers who want to …

LPL’s Largest Hybrid RIA Offers New Home for Wirehouse Teams


By: Tobias Salinger, Jan. 10, 2019 /
LPL Financial is taking a page from the smaller competitors nipping at its heels.
The firm’s largest hybrid RIA and office of supervisory jurisdiction, Private Advisor Group, plans to offer wirehouse breakaways a new affiliation model by the end of January, according to chief marketing officer Abby Salameh. …

Private Advisor Group Continues to Invest in Platform for Independent Advisors by Hiring Tenured Chief Compliance Officer

MORRISTOWN, N.J., Jan. 7, 2019 /PRNewswire/
Private Advisor Group, a hybrid RIA with over $17B in AUM supporting more than 600 independent advisors, announced today that Jim Hooks has joined the firm as Executive Vice President and Chief Compliance Officer.
“We are elated to add Jim to our organization,” said Patrick Sullivan, Managing Director and …

With Continued Momentum, Private Advisor Group Wins 1B in Assets from IFP


MORRISTOWN, N.J., Oct. 10, 2018 /PRNewswire/

In the wake of Independent Financial Partners (IFP) exodus from LPL Financial, Private Advisor Group (PAG) announced today that they have commitments for the month of September just shy of 1B in assets. These assets are represented by 6 firms that have decided to stay with LPL Financial …

Top Independent Financial Advisors


BySteve Garmhausen, September 14, 2018 9:23 p.m. ET – Barron’s

Once a pebble in the U.S. wealth management landscape, registered investment advisor, or RIA, firms will soon account for 30% of all retail investment assets, according to Mark Tibergien, CEO of Pershing Advisor Solutions.
Recent figures from Cerulli Associates have RIAs managing about …

Private Advisor Group Adds Harvest Financial Planning, LLC. in Wake of IFP Departure


MORRISTOWN, N.J., September 13, 2018 – PRNewswire
Harvest Financial Planning, LLC., a financial advisory firm located in Schererville, IN announced it has partnered with Private Advisor Group, the largest hybrid solution for LPL Financial and a leading provider of high touch support and compliance oversight to financial advisors. Through PAG, Harvest Financial Planning has …

New Day at LPL? 20 Advisors Describe Changes Under Dan Arnold

September 4, 2018 – Financial Planning
Advisor Laura LaTourette noticed the difference in two panels on inclusion and diversity at LPL Financial’s recent Focus conference.
“I have never seen ‘LGBT’ written on anything when it came to LPL,” says LaTourette, who is a lesbian. “For me, that was just so empowering.”
For major office of supervisory …