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.
[MACROs] 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, LPLs executive vice president for business development, said in a statement.
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