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Dustin Mac Brown, a Scottsdale, Ariz.-based monetary advisor who had been serving some $190 million in advisory and brokerage plan belongings at Cetera Advisors, has moved to LPL Monetary’s broker-dealer, RIA and custodial platforms, LPL introduced yesterday.
Brown launched his agency, DM Brown Monetary Providers, in 2017, in response to his LinkedIn Web page. Earlier than that, he had been a monetary advisor with Edward Jones since 2005.
“Dustin is a monetary strategist with a ardour for monetary schooling and a status for going the additional mile for his shoppers to assist them work towards their wants, desires and desires,” mentioned LPL in its ready assertion. “Nicknamed ‘The Professor’ for his perchance for extended solutions, he could be discovered on YouTube with a dry erase board and marker explaining market situations and breaking down advanced monetary points.”
Additionally at DM Brown are consumer providers associates Dana Niedzwiecki, Tom Martinet and Paige Melzer, LPL mentioned.
“I spent the primary decade of my profession as an worker and the second decade as an unbiased advisor, working straight for the consumer,” Brown mentioned in an announcement. “As I strategy my third decade, it’s essential to have mature, built-in methods that present the premium buyer expertise that our shoppers deserve. That’s why as a bunch, the workforce has determined emigrate over to LPL’s setting. We’re excited in regards to the revolutionary assets and built-in methods accessible at LPL, and we imagine this can enable us to offer enhanced providers for our shoppers.”
Scott Posner, LPL’s govt vice chairman of enterprise growth, added, “We welcome Dustin to the LPL neighborhood and are honored he selected to companion with LPL as he seeks new methods to construct his good follow.”
LPL is named a voracious acquirer. In its fourth quarter earnings report, the corporate mentioned it had boosted its advisor head depend to 21,275, a rise of 231 from the third quarter and a rise of virtually 1,400 from the top of 2021. Nevertheless, CEO Dan Arnold mentioned in the course of the fourth quarter earnings name that there’s been a slowdown in advisor migration.
The agency’s subsequent earnings name is scheduled for Thursday.
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