LPL Financial has added a former Morgan Stanley duo of financial advisors who managed $215 million in advisory, brokerage and retirement plan assets, according to a news release.
Adam Hutchinson and Robert Gibbs have aligned with N.J.-based River’s Edge Wealth Partners, which is supported by LPL Strategic Wealth Services.
Hutchinson had been with Morgan Stanley since 2011, according to BrokerCheck. He began his career in 2006 with MML Investors Services Inc. and also worked at Wells Fargo before joining Morgan Stanley. In a statement, he said his firm chose River’s Edge Wealth Partners because it is “a family office that stood out from the start, namely because of their dedication to their clients and ability to grow meaningful relationships, as well as their affiliation with LPL Strategic Wealth Services.”
Gibbs, according to BrokerCheck, began his career with Merrill Lynch in 2014. He also worked at PNC Investments and Wells Fargo Clearing Services before joining Morgan Stanley in 2018. “Adam and I are thrilled that we now have access to the tools of a big firm with the feel of a small firm, which is something we’ve always wanted,” he said.
“We love being part of a team of advisors at River’s Edge, where we can all collaborate and share ideas. We also appreciate LPL’s technology, compliance, marketing and account resources, which frees up our time to spend with our clients, which is what we care most about,” he added.