LPL Financial has nabbed a financial advisor from Cadaret Grant, LPL says.

Graham Nelson, who co-founded Clinton, N.Y.-based Mohawk Valley Capital Management in 2004, joins LPL’s broker-dealer and corporate RIA platforms, according to a press release from LPL.

He previously managed around $130 million, serving as an advisor as well as Cadaret Grant’s OSJ manager, LPL says. Nelson chose to align with LPL in order to start outsourcing back-office work and expand his practice, according to the press release.

“LPL has extensive investment tools, platforms and research that we believe will help us better serve our clients’ needs,” Nelson says in the press release. “LPL is a leader in the industry, and I know we can count on its scale and resources to help grow Mohawk Capital Management in the coming years.”

LPL’s affiliate Gladstone Wealth Group, meanwhile, has hired Morgan Stanley’s former Southeast regional manager, according to AdvisorHub. Michael Struckman will serve as Gladstone’s head of national sales, Gladstone CEO Richard Frick, another Morgan Stanley alum, tells the industry news website. In May 2018, Morgan Stanley replaced Struckman with Ralph Balzano, according to AdvisorHub. Struckman had been with the wirehouse since 2000, the website writes.

LPL has been successfully luring advisors from rivals this year. In the first quarter, the firm added 80 advisors, bringing its total advisor force to 16,189. In the beginning of the month, LPL scooped up a $215 million credit union-based investment program from CUSO Financial Services, although in April LPL lost a $603 million program to CUSO. This week, a practice formerly affiliated with LPL aligned with Woodbury Financial Services, one of the broker-dealers on the Advisor Group network. In April, LPL lured a $100 million advisor from Morgan Stanley and a $155 million practice from Voya Financial.