LPL Recruits Advisors With $1 Billion in Combined Assets From Ameriprise

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LPL Financial recruited advisors overseeing more than $1 billion in assets from Ameriprise Financial, adding to LPL’s growing advisor ranks.

In the largest of three moves, LPL picked up an ex-Ameriprise team overseeing $500 million in McAllen, Texas, LPL said Thursday. The Strategic Insights Financial Planning Group was founded by Arthur Hughes in 1986. Hughes had been registered with Ameriprise for 38 years, according to BrokerCheck, a public database maintained by industry self-regulator Finra. The team also includes managing...

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