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Derek Burke Jerry Murphy FSC Securities
Derek Burke (left) and Jerry Murphy

NPH Team Joins FSC Securities

$300 million NPH firm leaves for FSC Securities, Angie Hebers launches an online education program for advisors and David Cassidy's former attorneys sue his estate.

Another team has decided not to affiliate with LPL Financial, in the wake of its acquisition of the National Planning Holdings’ broker/dealer network. Ferrigno Financial, a Washingtonville, N.Y.-based firm with $300 million in client assets, has joined FSC Securities, one of the broker/dealers of Advisor Group. The team was formerly with SII Investments. Year-to-date, Advisor Group has recruited a total of 583 advisors. In early November, LPL said it was on track to retain 70 percent of advisor production from NPH, even though CEO Dan Arnold said the earnings the company would realize, measured by EBITDA, would equal 80 percent.

Consultant Angie Herbers Launches Online Education Platform

Industry consultant Angie Herbers has introduced a new online educational platform aimed at helping young advisors with growth training. Beyond U will include online seminars, videos, tools and templates on topics such as leadership corporate finance, operations, client services, human capital, management, and sales and marketing. Some of the tools are free, while other training sessions cost $420. Users can purchase a discounted bundle for $995, according to the website. “In the last 16 years, I have seen an influx of young advisors taking over firms with little to no growth training,” said Herbers, founder of FourPointe Consulting. “There is a real need for industry training on how to take new or established businesses and continue to grow them in the modern marketplace.”

David Cassidy's Estates Sued For Unpaid Legal Bills

David Cassidy's former attorneys, Rodier & Rodier, are suing his estate for $102,000. That figure represents the unpaid balance for roughly five years of various legal work, according to court documents. The Partridge Family actor filed for bankruptcy in 2015, and he listed the law firm as a creditor during the case. However, while the bankruptcy was ultimately dismissed, the debt was not discharged. Cassidy died on November 21 from organ failure in Fort Lauderdale. His son Beau, his sole heir since David cut his daughter out of his will, is now left on the hook for the bill.

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