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Former Merrill Lynch Advisor Joins LPL

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisor Eric Gallinger has joined LPL Financial and is aligned with Stratos Wealth Partners, a large, registered investment advisor affiliated with LPL.

Gallinger, who joins LPL from Merrill Lynch, reported having served $300 million in advisory, brokerage and retirement plan assets.

As The DI Wire reported earlier this week, another previous Merrill Lynch advisor with $440 million in advisory, brokerage and retirement plan assets, left to launch an RIA through LPL.

Based in Irvine, LPL says Gallinger works to preserve client assets by delivering what he calls “real-world strategies” – based on realistic perspectives, Bank of America Global research and regular tracking of marketplace risk.

“It is a very competitive recruiting landscape, especially for high caliber advisors,” Charles Shapiro, Stratos founding partner and chief development officer, said. “We are so honored that Eric has chosen to join Stratos Wealth as our newest partner. Irvine has been a terrific market for our company’s growth, and we are proud to support Eric in his expansion plans in the marketplace.”

Stratos Wealth Network is a family of companies that includes Stratos Wealth Partners, Stratos Wealth Advisors, Stratos Wealth Enterprises, and Fundamentum. The firm includes a network of more than 275 financial advisors and financial planning practitioners working across 26 states throughout the country.

LPL supports more than 21,000 financial advisors, 1,100 institution-based investment programs and 500 independent RIA firms nationwide.

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