LPL Nabs $415 Million Wealth Management Firm
LPL Financial LLC, the nation’s largest independent broker-dealer, has added Rockline Wealth Management to its broker-dealer and corporate registered investment advisor platforms.
LPL Financial LLC, the nation’s largest independent broker-dealer, has added Rockline Wealth Management to its broker-dealer and corporate registered investment advisor platforms.
Based in Plainview, New York, the Rockline Wealth Management team includes three advisors, Mark Rose, Robert Krivit and Gabriel Gallante, and two support staff members. The team services high-net-worth to ultra-high-net-worth families and business owners. The advisors were affiliated with Wells Fargo Clearing Services for the last 14 years before transferring to LPL.
Rockline served approximately $415 million of client brokerage and advisory assets as of April 20.
In other LPL news, the company recently named Richard Steinmeier as its new managing director and head of business development, effective mid-August. The role was previously held by Bill Morrissey, who is retiring from the firm.
LPL Financial oversees approximately $648 billion in brokerage and advisory assets as of March 31, 2018 and serves more than 16,000 financial advisors.
