But its leadership noted the difficulties of competing with private equity for RIA talent in the private client space.
The investment in Stonebrook Private is Elevation's first minority stake investment.
Texas-based wealth manager Kestra said John Amore will assume the president's role in April.
John Somerville will join LPL's employee channel and work out of Santa Barbara, Calif.
Former clients had made more than $100 million in claims over Edward Turley's strategies.
The FBI and IRS say Brooklynn Chandler Willy gave false information. An indictment claims she took client funds.
The firm's managers were upbeat about a market broadening beyond the Magnificent 7.
The Harrigan Group is joining Perigon's office in Boca Raton.
Prosecutors said Kristi Berge fraudulently took client funds to invest in real estate.
Choreo Tax Advantage was developed by the Chicago RIA with software company Smartleaf.