Cetera Financial Group has expanded its Large Enterprise channel by recruiting advisors David Park and Tammy Hospodar, along with their three support staff, from Osaic. The team, based in Valencia, California, and operating as Park Wealth Advisors, oversees approximately $140 million in assets under administration. They have joined BAR Financial, a region within Cetera's Large Enterprise channel led by Managing Director Greg Brackett.
Park Wealth Advisors serves a diverse clientele, including individuals, families, and same-sex couples, using a goals-based planning approach that emphasizes relationship-driven service over transactional interactions. In a statement, Park praised Cetera's AdviceWorks platform for its "amazing" interface and the firm's consistency in service. Hospodar highlighted the operational speed and marketing support from BAR Financial as key factors in their smooth transition.
Tim Stinson, president of Cetera's Large Enterprise channel, noted that the firm was attracted to how Park and Hospodar built an accessible model serving varied client segments. As of March 31, 2026, Cetera firms managed roughly $630 billion in assets under administration and $296 billion in assets under management. This move follows a broader trend of advisor mobility, as seen in recent Cetera, Osaic, Ameriprise Recruit $950M in Combined Assets from Commonwealth, LPL, Thrivent.
Separately, LPL Financial announced the addition of Fifteen:22 Financial Partners, a Kansas-based advisory firm that manages approximately $380 million in advisory, brokerage, and retirement plan assets. The team joins LPL from Nations Financial Group. Fifteen:22 is led by managing partners Douglas Bennett, Nicholas Bennett, Van Schaffer, Malcolm Ong, Brent Hoffman, and Douglas Stephens, who collectively bring over 120 years of industry experience.
The firm, founded more than 35 years ago, has grown through multigenerational client relationships and referrals. It operates a team-based advisory model where advisors function as an investment committee, aligning on strategy while maintaining individualized client relationships. Fifteen:22 also offers values-based investing options for clients with goals beyond conventional returns. "We are not solely focused on gathering assets — we are focused on fostering trust and strong relationships through education, service and thoughtful advice," said Hoffman.
Douglas Bennett cited LPL's technology infrastructure and client-facing tools as decisive factors in the move. Technology investment has become a key consideration for advisory teams, especially those serving multi-generational clients. This trend is echoed in recent industry developments, such as Dispatch Launches Advisor Transitions Platform to Automate Firm Moves, Citing 16.2% Rise in Advisor Mobility.
In a separate development, veteran advisor John Kenny has joined Prime Capital Financial. Kenny, who holds the CFP certification and is Certified in Blockchain and Digital Assets, previously worked at Morgan Stanley, UBS, and Fidelity. Glenn Spencer, CEO of Prime Capital Financial, described Kenny's approach as grounded in personalization and long-term client attention, aligning with the firm's expansion strategy. "I've always believed that the best financial planning is both rigorous and deeply personal," Kenny said.
These moves underscore the ongoing reshuffling in the wealth management industry, as advisors seek platforms with robust technology and support. For more on advisor transitions, see LPL-Affiliated Genesis Wealth Hires JPMorgan Veteran with $725M; UBS Adds $2B in Southeast; Osaic Lures $300M Team from Wells Fargo.
