UBS Advisors Move to LPL Financial; Thomas Massey Earns Columbia Designation
What happened
A four-person team of financial advisors moved from UBS Financial Services to Raymond James & Associates, which is part of LPL Financial. The team collectively managed over $700 million in client assets. Thomas Massey, a senior vice president of wealth management, also received a Certified Portfolio Manager designation from Columbia University.
From investmentnews.com
Why it matters
The transfer of over $700 million in client assets to LPL Financial through Raymond James & Associates increases the firm's assets under management and competitive position. Massey's designation adds credentialing to the team joining LPL Financial.
From investmentnews.com
Who's involved
- LPL FinancialThe firm that welcomed the advisors and acquired client assets.
- Columbia UniversityThe university that granted Thomas Massey a Certified Portfolio Manager designation.
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The entities involved
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LPL Financial
independent broker-dealer in the United States
Nothing else this week.
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Columbia University
private university in New York City, New York, US