See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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Elite Financial Network, a Huntington Beach, Calif.-based large OSJ with about $1 billion in assets and 30 advisors, joins LPL from Securities America.
The firm has offices in Chicago and Downers Grove, Ill., serves more than 800 clients around the country, and is the latest example of large, $1 billion-plus RIAs coming into the market as acquisition targets.
The team joined Private Wealth Asset Management several weeks after two other advisors left Wells Fargo to head a new division at the RIA specializing in clients’ real estate and energy needs.
The constant push towards something better is driving change and paving the way for the fastest evolution the wealth management industry has ever seen.