Engrave Wealth Partners is the fourth acquisition in the state for the Raleigh, N.C.-based CAPTRUST.
The industry could lose 37.5% of advisors to retirement over the next decade, the research firm said.
Axiom Wealth Partners has 26 members and 10 advisors, most of whom began with Merrill Lynch.
The board said the pool of CFP professionals continued to get younger and more diverse.
The Northwestern Mutual and Pruco reps were suspended for one month and fined $5,000.
Capital Management Group of New York was founded in 1992 by Thomas Mingone.
River Glen Wealth Counselors in West Des Moines is operated by Matt Busick and Randy Von Fumetti.
Leah R. Sciabarrasi will continue to serve as managing partner and wealth manager.
Chairman James L. Fox will serve as interim CEO starting April 1, the company said.
Hopkins joined the Pennsylvania private wealth group in October after exiting Carson Group.