LPL Financial has added well-known wealth management firm MACRO Consulting of Parisippany, N.J., with $650 million in AUM and five advisors, who left independent broker dealer SII Investments for its larger rival.

“[MACRO’s] decision to affiliate with LPL Financial is part of a broader trend of success we have experienced in attracting large and highly sophisticated teams of advisors to our company driven by the unique integration of broker-dealer, custody and clearing capabilities that we offer,” Bill Morrissey, LPL’s executive vice president for business development, said in a statement.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access