LPL Financial continues to expand its Texas footprint, announcing Thursday that three independent advisors—Jon Burnett, Dan Fowler, and Chad Carlile—have rejoined its broker-dealer, RIA, and custodial platforms from Raymond James Financial Services. The trio collectively manages approximately $430 million in advisory, brokerage, and retirement plan assets, according to the firm.
Each advisor operates a separate practice: Burnett leads Burnett Financial Services in Amarillo, Fowler heads Fowler Investment Services in Pampa, and Carlile runs Carlile Investment Services in Lubbock. The three have collaborated for over 14 years, serving clients that include farmers, ranchers, oil and gas professionals, business owners, and multigenerational families across the Texas Panhandle and West Texas. Their prior affiliation with LPL spanned 2012 to 2022, per FINRA BrokerCheck records.
Burnett, with nearly three decades in the industry, notes that some client families are now in their fourth generation with his practice. Ryan Houk has supported the practice for about 15 years. "Coming back to LPL feels like a full-circle moment for us," Burnett said. "We were already familiar with the platform, technology, and support model, and we're excited to once again align our business with a firm that shares our commitment to independent guidance and putting clients first."
Fowler, in the industry since 2012, cited access to tools, investment solutions, and operational support as key reasons for the move. Carlile, with over 20 years of experience, is joined by Cyan Batchelor, who has supported the practice for roughly two decades. "There was a high level of trust because we knew the platform and the people behind it," Carlile said. "The transition team has been exceptional, and the entire process reinforced that we were making the right decision."
This Texas recruitment follows LPL's recent addition of two teams from Northwestern Mutual in Utah, collectively managing $1 billion in assets. The moves underscore LPL's aggressive recruiting strategy, which has been a hallmark of its growth. For more on industry-wide movement, see record advisor moves in 2025.
&Partners Adds $744M Rowland Sullivan Wealth Management
In a separate development, &Partners welcomed Rowland Sullivan Wealth Management, a practice with $744 million in pre-hire assets, operating offices in Lake Ozark, Missouri, and Macomb, Illinois. Founded by advisors Patrick Rowland and Jacob Sullivan, the team previously registered with Wells Fargo Advisors Financial Network, according to BrokerCheck. The team includes partners and wealth advisors Jesse Dale and Lauren Kane, wealth consultant and director of operations Ashley Black, and associates Tyler Dinsdale, Barbara Davis, and Kassie Wollbrink.
This is the 127th advisor practice to join &Partners, which reported $63 billion in assets as of September 1. The firm has been actively recruiting, as highlighted in recent team moves.
Palmetto Investment Consultants Returns to Cetera
On the East Coast, Cetera has brought back John Sloop and John Black III, along with their Palmetto Investment Consultants team, from LPL. The Rock Hill, South Carolina, practice manages about $305 million in assets under administration and is joining Cetera's Summit Financial Networks community. Sloop previously spent 13 years with Cetera earlier in his career. "This is a return for me more than a first step with Cetera," Sloop said, citing Summit's "advocate-driven feel" and its ability to "turn things around quickly."
About 95% of the team's business is advisory, focusing on retirement income planning for long-tenured clients, often using a dividend income strategy. A significant portion of their clientele includes employees of a major energy company, a regional telecommunications firm, and a local paper mill. The advisors were drawn to Cetera's Growth360 business-planning program, its GrowthLine advisor growth engine, and the regional growth team model. Morgan Hinchen, who leads marketing for the practice, noted that the Summit structure allows the office to grow without adding staff.
These moves reflect a broader trend of advisors seeking platforms that offer both independence and robust support. For context on the competitive landscape, see wirehouse recruiting activity.
