LPL Financial Recruits $610 Million Team from Raymond James
LPL Financial LLC, the nation’s largest independent broker-dealer, has added Global Advisor Group to its broker-dealer and hybrid registered investment advisor platforms.
LPL Financial LLC, the nation’s largest independent broker-dealer, has added Global Advisor Group to its broker-dealer and hybrid registered investment advisor platforms.
Global Advisor Group joins from Raymond James Financial Services and serves approximately $610 million in brokerage and advisory assets. The firm will align with Private Advisor Group, LPL’s largest third-party provider of supervisory responsibilities with more than $19 billion in assets under management and 650 advisors as of December 31, 2019.
Founded by industry veteran and CEO James Barnette, Global Advisor Group provides financial planning and wealth management services to high-net-worth individuals, international institutions, educators and administrators and business owners in all 50 states and 106 countries across the globe.
The 22-member team includes 14 licensed financial advisors, many who hold certified financial planner and chartered financial analyst designations, as well as registered client service associates.
Based in Reston, Virginia near Washington, D.C., Barnette and the team have experience in portfolio management, retirement planning, tax planning, education funding and estate planning. Many of the advisors, including Barnette, travel worldwide throughout the year to meet with clients.
“Many of our clients have complex financial planning needs, and our team is committed to serving them with the utmost integrity and objectivity,” said Barnette, who has been repeatedly recognized by Barron’s, Financial Times and Forbes as a top advisor.
LPL Financial provides service to approximately $764 billion in brokerage and advisory assets as of December 31, 2019. The company provides proprietary technology, comprehensive clearing services, practice management programs and training, and independent research to 16,464 financial advisors and 700 financial institutions.
