The latest recruits include Mike Sisco, a wealth advisor with the newly-named Paradigm Wealth Partners in Des Moines, Iowa, as well as financial advisors Sandra Larson, Steven Larson, Casey Larson, David Scott, Michael Lynch and Timothy Frey, all based in the Midwest and Texas, according to a press release from LPL.
All seven were previously registered with SagePoint, and they’re joined by Rick Yoder, LPL says. Yoder previously was with Ameriprise in Des Moines, according to his BrokerCheck profile.
Collectively, the eight advisors managed around $260 million and have joined LPL’s broker-dealer and corporate RIA platforms, LPL says.
Sisco serves as an Office of Supervisory Jurisdiction manager for the rest of the team, according to the press release. He joined the financial services industry in 2004 and registered with SagePoint in 2011, according to BrokerCheck.
“We’ve created a really wonderful collection of financial advisors who share a common goal of helping others accomplish their financial goals in an ethical, honest and empathetic way,” Sisco says in the press release. “With the move to LPL, I’m excited and hopeful to find more like-minded advisors to partner with to keep building our network.”
Earlier this month, LPL lured a pair of advisors previously overseeing $140 million at Woodbury Financial Services, another broker-dealer on the Advisor Group network. Since September, LPL has added more advisors from Woodbury and Sagepoint, as well as from Advisor Group’s two other broker-dealers — FSC Securities and Royal Alliance — and a broker-dealer on the Ladenburg Thalmann network, which Advisor Group is acquiring. LPL lost at least one advisor to SagePoint during the same period.