LPL Financial shows no signs of slowing down its recruiting, most recently adding another firm previously affiliated with a Blucora-aligned company, LPL says.
San Jose, Calif.-based RD’s Financial Strategies has aligned with the Financial Services Network, which offers support and resources to LPL-affiliated financial advisors, according to a press release from LPL.
RD’s joins from Avantax Investment Services, which is part of Blucora, LPL says.
Launched in 1998 by Robert Duitz, a tax strategist, to expand into wealth management, RD’s offers both financial advice and tax preparation, according to the press release.
“I’ve found that when clients understand the tax consequences of their investments, they become more comfortable with us managing their money,” Duitz says in the press release.
In October, LPL picked up a wealth management firm aligned with 1st Global, an affiliate of Blucora.
LPL and its affiliated companies have been on a long streak poaching practices from rivals in recent months. The company ended the third quarter with 16,439 brokers, 188 more than the previous quarter.
Since then, it’s added brokers from Ladenburg Thalmann broker-dealer Securities America and Advisor Group broker-dealers FSC Securities, Royal Alliance and Woodbury Financial Services, as well as from JPMorgan, Ameriprise, Cadaret, Grant and Lincoln Financial.