LPL Adds Teams From Cetera, Foresters
November 6, 2018 by Janet Levaux
LPL Financial says it recruited a $365 million team from Cetera Advisors and a $110 million group from Foresters Financial.
The ex-Cetera group, Infinity Financial Partners, is now part of LPL’s hybrid platform. It is based in Richmond, Virginia, and was founded in 2000 by Ronnie Poindexter and Phillip Heesen Jr.
Other Infinity advisors are Alex Robinson, Robert Kellis Jr., Dustin Newton, Robert Wheatley, Tyler Dove and Ben Dychala.
“We appreciate that LPL has made significant investments in its infrastructure that will help us deliver more value to our clients,” according to Poindexter. “LPL’s self-clearing capabilities were another big draw for us. This helps to streamline processes and makes it much easier and more efficient to do business.”
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