LPL Financial Adds 2 Advisory Teams With $1.58 Billion in Assets
Updated
Updated · PLANADVISER · Oct 14
LPL Financial Adds 2 Advisory Teams With $1.58 Billion in Assets
3 articles · Updated · PLANADVISER · Oct 14
Summary
LPL Financial brought on two teams this week—Economos Private Wealth in California and Prince Financial Services in Seattle—adding about $1.58 billion in advisory, brokerage and retirement plan assets.
Nick Economos joined from Merrill Lynch under LPL's supported independence model, bringing $580 million in assets and more than 25 years of industry experience from outside San Francisco.
Prince Financial Services moved from Northwestern Mutual onto LPL's broker/dealer, RIA and custodial platforms, with founders Julie Prince and Dave Burnett leading a team that oversees roughly $1 billion.
The additions extend LPL's scale as the firm says it supports more than 32,000 advisers and about 1,100 financial institutions, with roughly $2.6 trillion in brokerage and advisory assets.