- Various executive appointments and past employment details were reported for companies including Cetera Financial Group, Wealth.com, LPL Financial, and Morgan Stanley.
- LPL Financial is acquiring Commonwealth advisors while facing competition from Osaic and recruitment efforts from Raymond James.
Payne Financial Consultants, led by David Payne, joined Osaic after moving from LPL Financial.
1 report, 1 independent
Updated Aug 5
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Payne Financial Consultants, led by David Payne, joined Osaic after moving from LPL Financial.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Bowman Financial Solutions joined Osaic's advisor network, bringing $73 million in assets after moving from LPL Financial.Sub-event
A firm founded by the Paynes joined Osaic after leaving LPL Financial.1 source
Keep exploring
Part of
LPL Financial is acquiring Commonwealth advisors while facing competition from Osaic and recruitment efforts from Raymond James.Also in this story
- LPL Financial is gaining clients from competitors while operating under the backdrop of FED rate hikes.
- LPL Financial filed claims against former Raymond James advisors, including advisor Robertson.
- Midwest Financial Group and &Partners moved former Commonwealth advisors to Osaic and other firms.
- Osaic provided investment resources to Millenia, while LPL joined Millenia, and Cetera recruited from Commonwealth.
The entities involved
-
Osaic
Wealth Management
Nothing else this week.
-
LPL Financial
independent broker-dealer in the United States
Coverage
Newest first; wire copies grouped- Business WirePayne Financial Consultants Moves to Osaic Multi-generational $120M team departs LPL to affiliate via Alpha Omega Wealth Partners, citing cultural fit and high-touch client service model SCOTTSDALE,