OSJs

Financial advisor Christian D’Urso spends his mornings hiking, kayaking or biking, and his afternoons running a $110 million advisory business on the water.

The agreement will expand the companies’ recruiting efforts in the bank and wirehouse channels.

The founding partners of the 300-advisor OSJ will remain in their current roles for three years under the same structure as before the deal.

LPL Financial and indie rivals like Raymond James, Wells Fargo FiNet and Kestra Financial completed at least 17 recruiting grabs of $800 million or more this year.

The OSJ scooped up teams from Edward Jones, Wells Fargo Advisors and Wedbush Securities.

The No. 1 IBD is responsible for nearly half of the dozen mega-moves in its sector this year.

In a surprise announcement, Private Advisor Group tapped Moore as CEO nearly two years after he left Cetera for undisclosed medical reasons.

It’s one of the largest recruiting moves of the year in the independent broker-dealer sector.

The 40-advisor OSJ brings more than double the assets of any other new group unveiled across the IBD network in 2020.

The No. 1 IBD is keeping up the recruiting momentum that’s sustaining record headcounts and billion-dollar moves.