Global Advisor Group, a Reston, Va., financial advisory firm with reported brokerage and advisory assets of about $610 million, has aligned with Private Advisor Group (PAG) to join LPL Financial’s broker-dealer and hybrid registered investment advisor platforms, LPL announced today.
PAG, headquartered in Morristown, N.J., is LPL’s largest third-party provider of supervisory responsibilities and one of the fastest-growing RIAs in the nation, LPL said. Global Advisor Group comes to LPL from Raymond James Financial Services.
Founded by industry veteran and CEO James Barnette, Global Advisor Group provides financial planning and wealth management services to high-net-worth individuals, international institutions, educators and administrators, and business owners in all 50 states and 106 countries. The 22-member team includes 14 licensed financial advisors.
“We have a very specialized practice, and LPL’s flexible platform and customizable solutions, especially those in its Model Wealth Portfolio (MWP), will allow us to design customized models with the benefit and efficiency of a centrally managed platform. It’s exactly what we need for our client base,” Barnette said in a news release.
LPL Financial, which is based in Ft. Mill, S.C., San Diego and Boston, is the nation’s largest independent broker-dealer.