Three wealth management firms have expanded their advisor rosters with hires that collectively bring approximately $367 million in client assets, signaling that the recruiting war for experienced talent remains intense across the independent broker-dealer channel.
LPL Financial announced that advisor Greg Selg has joined its broker-dealer and registered investment advisor platform from Osaic, bringing roughly $260 million in client assets. Selg, who emphasizes a planning approach centered on understanding clients' personal circumstances, cited operational efficiencies as a key reason for the move. “LPL’s technology stood out for how seamlessly it supports the way I run my business,” Selg said in a statement. “The ability to streamline processes and access reporting and planning tools more efficiently allows me to spend less time on administrative tasks and more time serving clients.” Marc Cohen, an LPL executive, welcomed Selg, noting that his “commitment to education, accessibility and goals-based planning aligns with LPL’s purpose.”
Separately, Osaic recruited advisor Geraldine Spinella through its New York Financial Partners affiliate, adding approximately $107 million in assets from Raymond James. Based in Garden City, New York, Spinella focuses on guiding clients through financial transitions with tailored strategies. “I’m excited to work with a team known for its supportive approach and ease of doing business,” she said. Howard Asch of New York Financial Partners praised Spinella’s “client-first philosophy, deep community ties and disciplined approach to financial planning.”
Janney Montgomery Scott added advisors Adam Runk and Greg Marco to its Lancaster, Pennsylvania office, strengthening its regional footprint. The pair bring nearly four decades of combined industry experience and were drawn to Janney’s advisor-focused environment, according to the firm. The hires come as broker-dealers and wealth platforms compete aggressively for talent, particularly those with established client relationships and significant assets under management.
The moves reflect broader trends in the wealth management industry, where firms are leveraging technology and support services to attract advisors. LPL’s recruitment of Selg, for example, highlights the importance of seamless technology integration in advisor decisions. Similarly, Osaic’s addition of Spinella underscores the value of affiliate networks in expanding geographic reach.
Industry observers note that the competition for experienced advisors is unlikely to abate, as firms seek to grow organically and through acquisitions. Recent data from Dispatch shows a 16.2% rise in advisor mobility, further fueling the recruiting environment.
For advisors considering a move, the decision often hinges on factors such as technology, payout structures, and cultural fit. As the landscape evolves, firms that can offer a compelling combination of these elements are likely to continue winning top talent.
