Pacstar Financial Group, a four-adviser team that manages $420 million, has changed affiliation from Ameriprise Financial to LPL Financial.
Alan Kodama launched the Honolulu-based firm in 1987, and over the years acquired seven other practices. Pacstar also has offices in Kauai, Pearl City and Maui.
Kodama was joined in the move by advisers Thomas Lodico, John Araki and Rose Antonio, along with four office support members.
Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
