Three major wealth management firms have expanded their advisor rosters by recruiting teams that collectively manage nearly $1 billion in client assets. Osaic, Raymond James Financial Services, and LPL Financial each announced additions in recent weeks, reflecting ongoing consolidation and competition for experienced advisors.
Osaic, Inc. added Pointes North Wealth Management to its Empowered Independence channel, a W-2 affiliation model that blends independence with institutional support. The New Hampshire-based firm, led by managing partners Nathan Auclair and Brent Balloch, oversees more than $500 million in client assets and transitions from an independent structure. The move was facilitated by Innovative Financial Group, an Osaic office of supervisory jurisdiction, which helped align the transition with the team's long-term goals.
Pointes North leadership cited operational efficiencies and future flexibility as key drivers. The shift is expected to reduce administrative burdens while allowing the firm to focus on client relationships and growth. Osaic executives highlighted the channel's design to balance autonomy with scale. "We are excited to welcome Pointes North into the Empowered Independence channel," said Cindy Hamel, head of the channel at Osaic. "We've designed this channel to reduce operational complexity while giving advisors access to the scale, resources and support they need to build enduring businesses." The addition follows other firms joining the channel, including Veater Financial Group and Bard Financial Services.
Raymond James Financial Services recruited advisors Jeffrey Gore and Madison Gore, who bring more than $225 million in client assets to its independent channel. The pair, previously with LPL Financial, operate Gore Financial Management, Inc. in Centennial, Colorado, serving business owners, families, and retirees. Administrative assistant Bao Lu also joined. Jeffrey Gore cited cultural alignment and platform capabilities as reasons for the move. "Our clients place significant trust in us, so it's essential that we have a partner that values and supports the relationships we've built," he said. Jeffrey brings over three decades of experience, while Madison has spent more than 10 years in the industry, progressing from an administrative role to advisor.
LPL Financial added Courtney Walker, CFP, who joins its broker-dealer and RIA platform aligned with Spring Line Wealth Partners. Walker arrives from JP Morgan and reported managing approximately $180 million in client assets. With over 20 years in the business, she is known for a planning-driven approach and a focus on multigenerational relationships. "Everything I do starts with planning and relationships," Walker said. "I want my clients to understand the full picture of their finances and feel confident in the decisions we're making together." Walker noted that LPL's open architecture and independence were central to her decision, along with a sense of familiarity, as she started her career with LPL. Spring Line Wealth Partners founder Alex Groth welcomed her, saying, "Her planning-first mindset, deep commitment to relationships and ability to guide clients through every stage of life align perfectly with our firm's values." LPL Chief Growth Officer Marc Cohen added, "We're excited to welcome Courtney back to LPL. Her emphasis on comprehensive planning, multigenerational relationships and client education reflects the type of advisor LPL is built to support."
These moves underscore the ongoing competition for advisor talent, with firms offering varied affiliation models to attract teams. For more on recruiting dynamics, see LPL and Osaic capture $1.4B advisor team in dual breakaway from Raymond James. Additionally, Baird recruits $1B team from Goelzer; Ameriprise gains $140M practice from Edward Jones highlights similar trends.
