Advisor Moves: LPL Financial, Osaic, and Raymond James Welcome New Teams

LPL Financial has welcomed Chloey Wealth, a new independent firm founded by former Edward Jones advisor Jenna Vitosh and New York Life advisor Natalia Paige. Osaic has acquired two advisor teams from LPL in North Carolina, and Raymond James has recruited two teams: John Caracappa from Morgan Stanley and Charlene Dolan, Danielle Holmes, and John MacDonald from Commonwealth Financial Network.

Title: LPL Financial Welcomes New Advisors and Acquires Teams

LPL Financial has been actively expanding its advisory network by welcoming new independent firms and acquiring experienced teams from other financial institutions. The latest developments include the addition of Chloey Wealth and the acquisition of two advisor teams from Osaic and Raymond James.

Chloey Wealth, an independent firm founded by former Edward Jones advisor Jenna Vitosh and New York Life advisor Natalia Paige, has joined LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platform. The team, based in Lincoln, Nebraska, has 20 years of combined experience and manages approximately $140 million in assets [3]. Chloey Wealth focuses on a holistic approach to financial planning, addressing psychological aspects of money and building trust with clients. The firm cited LPL's autonomy and resources as key factors in their decision to join.

Osaic Wealth Management, a FiNet practice, has acquired two advisor teams from LPL in North Carolina. Brian Carr and Phil Romano, who oversee $324 million in client assets, have joined Sullivan & Associates Wealth Management in Raleigh, North Carolina [1]. This acquisition further strengthens Osaic's presence in the region.

Raymond James has recruited two teams, including John Caracappa from Morgan Stanley and Charlene Dolan, Danielle Holmes, and John MacDonald from Commonwealth Financial Network. Caracappa brings extensive industry experience to Raymond James & Associates, while the team from Commonwealth Financial Network manages approximately $185 million in client assets [1]. These acquisitions are part of Raymond James' ongoing efforts to expand its advisory network and offer enhanced services to its clients.

These strategic moves by LPL Financial highlight the firm's commitment to growth and the acquisition of experienced teams to enhance its advisory services. As LPL continues to expand its network, it aims to provide more personalized financial advice and brokerage services to retail investors.

References:
[1] https://www.investmentnews.com/independent-broker-dealers/advisor-moves-wells-fargo-finet-lpl-financial-raymond-james-janney-ameriprise/261785
[2] https://www.marketscreener.com/news/lpl-financial-total-advisory-brokerage-assets-rise-in-july-ce7c50dad88ff527
[3] https://www.barchart.com/story/news/34302572/lpl-financial-welcomes-women-led-chloey-wealth