The first week of June saw continued recruiting activity among large broker-dealers and hybrid RIAs, with Cetera Financial Group, Osaic, and Ameriprise Financial each announcing new advisor teams in the East Coast and Midwest. The three firms collectively added approximately $950 million in client assets.
Cetera Gains $490M Commonwealth Team in Pennsylvania
Tupelo Wealth Partners, a Harleysville, Pennsylvania-based practice, has joined Cetera through its Summit Financial Networks community, bringing roughly $490 million in assets under advisement. The team is led by advisors Les Benzak, John Gallagher, and Lynn Craig, who together have more than 75 years of industry experience and have worked as a unit for over two decades.
The trio had previously moved to Commonwealth Financial Network, attracted by its culture of experienced advisors and accessible leadership. Their plans changed when LPL Financial acquired Commonwealth last year. After evaluating options, the team chose Summit for its specialized service model, leadership accessibility, and technology infrastructure, according to Cetera. Tom Halloran, Cetera's advisor channel leader, said the firm worked to demonstrate it could match the qualities that had originally drawn the team to Commonwealth.
Osaic Recruits $300M Family Practice from LPL in New Hampshire
In Hampton, New Hampshire, Neville & Associates has joined Osaic from LPL Financial, bringing approximately $300 million in client assets. The firm, led by branch manager Rick Neville, is a family enterprise founded by Rick's mother, Carol Neville, and previously led by his father, Harold Neville Jr. The office today includes Rick's wife, Amy Neville; their daughter, Courtney Neville; Courtney's husband, Nick Romagnoli; and additional staff.
The firm has operated in the Hampton community and across 28 states for more than 40 years, advising multi-generational families—in some cases, four generations within a single family. Rick Neville cited Osaic's "personalized partnership" and "resources and support" as key factors in the decision. Shannon Reid, president and head of advisor growth and engagement at Osaic, said the firm's model is built for practices like the Nevilles'. The move is part of a broader recruiting run at Osaic that recently included Du Lac Wealth Services, a North Carolina team from LPL with around $200 million in assets, and Eric Westall, who joined Innovative Financial Group at Osaic with more than $250 million.
Ameriprise Adds $160M Father-Son Team from Thrivent in Minnesota
Pattern Wealth, a private wealth advisory practice based in Wayzata, Minnesota, has joined the branch channel of Ameriprise Financial from Thrivent Investment Management with $160 million in client assets. The team is led by Jeremy Jackson, a private wealth advisor, alongside his father, financial advisor Dave Jackson, and client service associate Erika Holland.
The move was motivated by a desire for a broader platform, which Jeremy Jackson described as combining investment solutions, personalized advice, and digital capabilities. He specifically pointed to Ameriprise's AI and technology integration as a draw, along with the firm's national brand recognition and operational support.
These moves underscore ongoing advisor mobility trends. For context, a recent Dispatch platform report cited a 16.2% rise in advisor mobility, and earlier this year, Cetera, Raymond James, and LPL added $1.4B in combined assets from recruited advisors.
