Recruiting

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.

It’s the second-biggest hire of the year for the wirehouse.

The firm’s four new additions came from two wirehouses.

It’s one of the largest teams to quit a wirehouse this year.

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

The firm has added 42 advisors this year with a combined $3.8 billion in AUM.

The Buffalo, New York location is the independent firm’s 12th nationwide.

Brian Truscott oversaw more than $330 million in client assets.

The firm also added a new unit to accommodate its dramatic advisor growth — from one to 140 in seven years.

The new hires generated approximately $5 million in production before making the move.