Global Advisor Group, a Reston, Va.-based advisory managing $610 million in client assets, has joined Private Advisor Group, the largest office of supervisory jurisdiction and RIA of independent broker/dealer LPL Financial. The team left Raymond James Financial Services, the firm’s independent contractor unit.
Global Advisor Group, based in a suburb of Washington, D.C., was founded by industry veteran and CEO James Barnette. The firm provides financial planning and wealth management services to high-net-worth clients, international institutions, educators and administrators, and business owners across the U.S. and in 106 countries across the globe.
The 22-member team includes 14 licensed financial advisors, many of whom hold the CFP and CFA designations, as well as client service associates.
“We believe the partnership with the Private Advisor Group, combined with the innovative capabilities at LPL, will help us continue to elevate service to our clients and create future opportunities to grow the practice and expand into new markets,” said Barnette, in the statement. “We have a very specialized practice, and LPL’s flexible platform and customizable solutions, especially those in its Model Wealth Portfolio (MWP), will allow us to design customized models with the benefit and efficiency of a centrally managed platform."