LPL Financial and Osaic both touted advisor additions on Thursday.
LPL landed the potentially bigger move with two advisors who had worked with about $870 million in advisory, brokerage and retirement plan assets with Robert W. Baird & Co.
The advisors, Charlie Narmi and Theresa Rynaski, will join LPL’s employee advisor channel, Linsco. The new firm will be called The Narmi Group Investment Management.
“We pride ourselves on being a one-stop shop for our clients,” Rynaski said in a statement. “It’s not unusual for us to go to the Social Security office with them or help them research nursing homes.”
The Narmi Group is based in Omaha, Neb., and is moving to LPL for “autonomy, flexibility and enhanced technology,” according to the announcement.
Charlie Narmi started at the firm with his father, Jon Narmi, and began working with Rynaski at that time. Eventually, the pair took over leadership of the firm with her.
Linsco advisors have access to LPL’s wealth management platform and business resources, such as marketing consultants, while keeping ownership of their clients.
LPL launched its W-2 employee model in 2023 to provide a wirehouse-like model at a higher payout.
In separate news, independent broker/dealer Osaic has brought on Daniel Leugers, formerly with VALIC Financial Advisors.
Leugers is launching his new firm, Blue Haven Wealth Management, in Hudson, Ohio, with $400 million in assets under advisement.
According to the announcement, he chose Osaic for its “flexible, comprehensive technology platform” and the ability to maintain “full autonomy in building his firm.”
Leugers’ move adds to Osaic’s recent recruiting efforts, including bringing on $100 million firm, Propora Wealth Management, and its acquisition of a $13.5 billion RIA, CW Advisors.
Leugers had been with VALIC for over 22 years, according to Brokercheck.
Osaic is a portfolio company of Reverence Capital Partners.
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