In the News

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 …

Developing Young Talent

Attracting young talent in the financial advisory industry., Aug 02, 2018 – Attracting young talent is one of the major challenges facing the financial advisory industry. The average age of advisors is in the mid-50s, and many independent advisors lack successors to take over for them when they retire. In addition, as firms …

Private Advisor Group’s Chief Compliance Officer, Pat Sullivan, Earns National Recognition for Philanthropy as a Finalist in the 2018 Invest in Others Awards

Newton, MA – July 16, 2018 – Pat Sullivan, Managing Director of Private Advisor Group in Morristown, NJ has been announced as one of three national finalists for the Lifetime Achievement Award as part of the twelfth annual Invest in Others Awards. Sullivan is being honored for his work with Good Grief, which … Announces Finalists for the 2018 Industry Awards

Judges recognize 156 organizations for their outstanding support of financial advisor success from among more than 600 nominations
Winners to be announced during awards ceremony at the Ziegfeld Ballroom in New York City on September 13, 2018
NEW YORK, NY (May 30, 2018) —, the leading resource for wealth advisors and planners, has announced …

Private Advisor Group Named to 2018 Financial Times 300 Top Registered Investment Advisers


June 28, 2018 – Private Advisor Group is pleased to announce it has been named to the 2018 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 fifth annual FT 300 list, produced independently by the Financial Times in …

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 …

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 …

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


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 …