Latest Recruitment Wave from Lincoln Financial

  • LPL Financial recruits Pilot Financial, a $4.6 billion advisor practice from Lincoln Financial
  • Pilot Financial has 105 financial advisors and oversees $4.6 billion in assets
  • This is LPL’s latest recruitment from Lincoln Financial in recent weeks
  • Chris Roney, a partner at Pilot, cites LPL’s resources and digital capabilities as reasons for the move
  • Pilot Financial was founded in 2001 and operates as an office of supervisory jurisdiction
  • Osaic (formerly Advisor Group) plans to consolidate its broker-dealers into one unit after acquisition
  • Consolidation ongoing in the sector as smaller broker-dealers join larger companies

LPL Financial has secured a significant recruit in the form of Pilot Financial, a wealth management practice with 105 financial advisors overseeing $4.6 billion in assets. This move follows LPL’s recent recruitments from Lincoln Financial and highlights the firm’s appeal for its resources and digital capabilities. Pilot Financial, based in Greensboro, N.C., was founded in 2001 and operates as an office of supervisory jurisdiction. Osaic (formerly Advisor Group) plans to consolidate its broker-dealers into one unit after acquiring Lincoln National’s wealth management business.

Factuality Level: 8
Factuality Justification: The article provides accurate information about Pilot Financial joining LPL Financial, the reasons behind their decision, and the background of both companies involved. It also mentions the ongoing consolidation trend in the sector. However, it could provide more context on Osaic’s acquisition by Lincoln National Corp.
Noise Level: 3
Noise Justification: The article provides relevant information about a significant event in the financial industry, with some details on the reasons behind the decision of Pilot Financial to join LPL and the benefits they expect from this move. It also mentions the ongoing consolidation trend in the sector. However, it lacks deep analysis or exploration of long-term trends or consequences.
Public Companies: Lincoln National Corp. (LNC), AIG (AIG)
Private Companies: Pilot Financial,LPL Financial,Osaic,Advisor Group,Securian Financial,Cetera
Key People: Chris Roney (Partner and Manager at Pilot Financial), Greg Smith (Partner at Pilot Financial), Daryl E. King (Partner at Pilot Financial), Bill Harnden (Partner at Pilot Financial)

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Financial Relevance: Yes
Financial Markets Impacted: LPL Financial, Lincoln National Corp., and Osaic (formerly Advisor Group)
Financial Rating Justification: The article discusses a significant recruitment win for LPL Financial, the sale of Lincoln Financial’s wealth management business to Osaic, and ongoing consolidation in the sector involving smaller broker-dealers and insurance companies. These events impact financial markets and companies within the wealth management industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

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