LPL Financial Recruits $1.5 Billion Dallas Team
LPL Financial has added Spectrum Wealth Strategies, a Dallas-based advisory team with about $1.5 billion in client assets, from MassMutual.
The practice is led by advisors Randy Black, Jonathan Bomar, Truman Blocker, Landon Vaughan, Weston Poulos, Billy Geiler, Jeff Cummins and Jaime Galvan. They have additional offices in Waco, Texas, and Wilmington, N.C., and serve a client base of high-earning individuals and families.
The group was attracted to LPL for its enhanced capabilities and support model. They also liked the autonomy the firm’s model offered.
“The move to LPL allows us greater independence and access to more robust solutions for our clients,” Bomar said in a statement. “With deeper research capabilities and strong back-office support, we are better positioned to grow our business while continuing to provide personalized service.”
This follows news last month that LPL recruited Cebert Wealth Advisors, a Central Florida-based team with $1 billion in assets.