LPL Financial sees advisor shifts involving $1.2 billion in assets

LPL Financial continues to see movement within the wealth management sector as various advisory teams shift platforms. Horizon Wealth Management Group, a Wichita, Kansas-based team led by Bill Wagner, Scott Sennett, and Andrew Kocukov, has left Wells Fargo Advisors Financial Network to join LPL Financial’s broker-dealer and RIA platforms. The team brings approximately $385 million in client assets and specializes in retirement income distribution planning.

In a separate development, a group of 28 advisors representing approximately $825 million in assets under advisement has chosen to remain with LPL Financial. This decision follows the departure of their former office of supervisory jurisdiction, Sierra Ridge Advisor Group, which moved to Cetera. The advisors opted to affiliate with Gateway Financial Partners, a large hybrid RIA and OSJ that manages approximately $10.5 billion in assets under administration.