LPL OSJ Gateway Financial Partners Introduces Equity Ownership Program
Gateway will take a 15-20% revenue stake in the advisor’s practice, in exchange for cash and equity in the firm's holding company.
Source: wealthmanagement.com
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LPL OSJ Hires John Johnson to Lead Corporate Strategy
John Johnson, who led NPC before it was acquired by LPL, will serve as chief strategy officer at Gateway Financial Partners, a super OSJ of LPL.
Source: wealthmanagement.com
OSJs Under Pressure to Do More
A small subset of OSJs is going beyond leveraging scale to get better deals with broker/dealers to become full-service support platforms for advisors.
Source: wealthmanagement.com
Glastonbury's Gateway Financial acquires Wisconsin advisory firm
Glastonbury’s Gateway Financial Partners has acquired an out-of-state firm in a deal expected to create a combined company with $4 billion in assets under management. Gateway said it acquired Advisors’ Pride, a registered investment advisory business headquartered in Appleton, Wisconsin, southwest of Green Bay. Financial details were not disclosed. As a combined entity, Gateway will now be co-headquartered in Glastonbury and Appleton, officials said. Eric Hall, who had served as president of Advisors’ Pride, has been named president of Gateway.
Source: hartfordbusiness.com
One LPL Super OSJ Acquires Another
Connecticut-based Gateway Financial Partners' founder sees an opportunity to buy more OSJs, and may seek a capital partner, he says.
Source: wealthmanagement.com